H.R. 7428 is a bill that was passed by the House of Representatives to extend the temporary increase in the U.S. public debt limit. Originally set to expire on June 5, 1980, this bill extends the limit until June 30, 1980.
H.R. 7428 was introduced in the 96th Congress by Albert Ullman (Democrat) and is currently listed as “Enacted — Veto Overridden”. It is classified under the Economics and Public Finance policy area.
FEC records show Albert Ullman received $15 million from industries this bill affects, led by Securities & Investment.
Senate lobbying disclosures list 15 organizations lobbying on this bill’s issue area.
Our conflict-of-interest analysis rates H.R. 7428 5/10 (moderate risk), higher than 92% of analyzed bills; the average in Economics and Public Finance is 5/10.
Supporters in the media have framed the extension as a necessary measure to ensure the government can meet its financial obligations without interruption. They argue that this short-term extension provides Congress with additional time to negotiate a more comprehensive solution to the nation's fiscal challenges.
Critics in the media have expressed concern that the bill merely postpones a more permanent resolution to the government's debt issues. They argue that continually extending the debt limit without addressing underlying budgetary problems demonstrates fiscal irresponsibility and could undermine confidence in the government's financial management.
The sponsor of the bill, Albert Ullman, has received significant donations from the Securities & Investment industry ($15,000,000), which is also an industry affected by the bill. This could potentially indicate a conflict of interest, as the sponsor might be influenced by the interests of his donors when crafting and promoting the bill. However, it's important to note that the donations from this industry only make up a portion of the sponsor's total donations, and the sponsor has also received significant donations from other industries. The lobbying activity in the bill's policy area is also noteworthy, with several entities lobbying in this area. The highest lobbying amount comes from the National Industries for the Blind, with a total of $135,000. However, it's unclear from the data provided whether these lobbying efforts are directly related to this specific bill.
These industries are both affected by this bill and among the sponsor's top donors.
| Industry | Match Type | Related Subject | Donations |
|---|---|---|---|
| Securities & Investment (F10) | Sector | Economics and Public Finance | $15,000,000 |
| Total from overlapping industries | $15,000,000 | ||
Organizations that lobbied on issues related to this bill's policy area.
| Client | Lobbying Firm | Amount |
|---|---|---|
| ASSOCIATION FOR UNCREWED VEHICLE SYSTEMS INTERNATIONAL | ASSOCIATION FOR UNCREWED VEHICLE SYSTEMS INTERNATIONAL | $150,000 |
| NATIONAL INDUSTRIES FOR THE BLIND | NATIONAL INDUSTRIES FOR THE BLIND | $135,000 |
| HANWHA Q CELLS AMERICA INC. | BALLARD PARTNERS | $50,000 |
| AMERICAN LAND TITLE ASSOCIATION | FS VECTOR LLC | $45,000 |
| CHANGENT (FKA NURSE-FAMILY PARTNERSHIP COLORADO) | CHANGENT (FKA NURSE-FAMILY PARTNERSHIP COLORADO) | $43,000 |
| CITY OF MONTGOMERY | VAN SCOYOC ASSOCIATES | $40,000 |
| AMERICAN ASSOCIATION FOR HOMEOPATHIC PRODUCTS | VAN SCOYOC ASSOCIATES | $30,000 |
| ZEBRA TECHNOLOGIES CORP. | VAN SCOYOC ASSOCIATES | $30,000 |
| AVA LABS, INC. | FS VECTOR LLC | $30,000 |
| DAYFORCE US, INC (FKA CERIDIAN HCM, INC.) | FS VECTOR LLC | $20,000 |
| CITIZENS BANK, N.A. | FS VECTOR LLC | $20,000 |
| COALITION OF HUD HOUSING COUNSELING INTERMEDIARIES | DYKEMA GOSSETT PLLC | $20,000 |
| MMESA 319 LLC | PORTER GROUP, LLC | $10,000 |
| THE CREATIVE COALITION | DYKEMA GOSSETT PLLC | $10,000 |
| VALLEY FUND CORPORATION | VAN SCOYOC ASSOCIATES | $10,000 |
Source: Senate Lobbying Disclosure Act (LDA) filings, 2026
Top industries funding Albert Ullman, ranked by total contributions.
Source: OpenSecrets.org (Center for Responsive Politics)
What does H.R. 7428 do?
H.R. 7428 is a bill that was passed by the House of Representatives to extend the temporary increase in the U.S. public debt limit. Originally set to expire on June 5, 1980, this bill extends the limit until June 30, 1980.
Has H.R. 7428 received a floor vote?
No roll-call vote on H.R. 7428 is recorded in our database yet. Its current status is “Enacted — Veto Overridden”.
Who funds the sponsor of H.R. 7428?
FEC records show Albert Ullman received $15 million from industries this bill affects, led by Securities & Investment. Overlap does not imply wrongdoing; it shows where financial interests and legislation intersect.
Does H.R. 7428 have a conflict of interest?
Our conflict-of-interest analysis rates H.R. 7428 5/10 (moderate risk), higher than 92% of analyzed bills; the average in Economics and Public Finance is 5/10. This score reflects overlap between the sponsor’s campaign funding, lobbying activity, and the industries the bill affects. It is a transparency indicator, not an accusation.
What is the status of H.R. 7428?
H.R. 7428 is currently “Enacted — Veto Overridden” as of our last update on April 16, 2026.
Who sponsored H.R. 7428?
H.R. 7428 was sponsored by Albert Ullman (Democrat).
