,,iii  #aacth ,,congress  #ast ,session 
,s4 ,,res4 #bae  ,,in ,,the ,,senate    
,,of ,,the ,,united ,,states  ,august   
#a1 #bjac ,mr4 ,kirk 7for himself1 ,ms4 
,ayotte1 ,mr4 ,barrasso1 ,mr4 ,coats1   
,mr4 ,crapo1 ,mr4 ,johnson of           
,wisconsin1 ,mr4 ,rubio1 and ,mr4       
,shelby7 submitted the following        
resolution2 which was referred to the   
,committee on ,banking1 ,housing1 and   
,urban ,affairs  ,,resolution           
,expressing the sense of the ,senate    
that the ,federal ,government should not
 bail out any ,state4  ,whereas every   
,state in the ,united ,states is a      
sovereign entity with a constitution and
 the authority to issue sovereign debt2 
,whereas the legislature of every ,state
 in the ,united ,states has the         
authority to reduce spending or raise   
taxes to pay the obligations owed by the
 ,state2 ,whereas officials in every    
,state in the ,united ,states have the  
legal obligation to fully disclose the  
financial condition of the ,state to    

investors who purchase the debt of the  
,state2 ,whereas ,congress has rejected 
prior requests from creditors of a      
,state for payment of the defaulted debt
 of a ,state2 and ,whereas1 during the  
financial crisis in #ahdb1 the ,senate  
requested that the ,secretary of the    
,treasury report any negotiations with  
creditors of a ,state to assume or      
guaranty any debt of a ,state1 to ensure
 that promises of ,federal ,government  
support were not proffered3 ,now1       
therefore1 be it  ,that--  7#a7 the     
,federal ,government should take no     
action to redeem1 assume1 or guarantee  
any debt of a ,state2 and  7#b7 the     
,secretary of the ,treasury should      
report to ,congress any negotiations to 
engage in actions that would result in  
an outlay of ,federal funds on behalf of
 creditors of a ,state4