In 2021 legislation ( H.R. 2634) was once again introduced to increase the bank-qualified debt limit from $10 million to $30 million. Companion legislation has not been introduced in the Senate for the 117th but was previously introduced in July 2016 (S. 3257). The GFOA needs your help with increasing support for this important legislation, and is urging members to send letters to their House and Senate members requesting that they cosponsor this bill.