Franklin Again Acts to Limit Foreign-Owned National Debt
Rep. Scott Franklin (FL-18) today re-introduced the National Debt is National Security Act, a bill to limit how much national debt can be owned by foreign nations. Originally introduced in 2022, this bill would limit the cumulative debt held by foreign countries to 25 percent of total U.S. debt and limit any single foreign country from owning more than 5 percent. The goal is to prevent…