New Jersey 222nd Legislature Status: Introduced 12 R cosponsors

S 2541 — Credits $2.35 billion to "New Jersey Debt Defeasance and Prevention Fund"; appropriates $4.32 billion to Department of Treasury to provide funds to municipalities and counties for debt retirement and avoidance.

Last action — INT 1RS REF SBA

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed General Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced January 13, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

Summary

New Jersey Debt Defeasance & Prevention Fund;$2.35B and Dept of Treasury;$4.32B

Bill Text

  • Introduced View text Current html January 06, 2026

Action History

  1. INT 1RS REF SBA

Sponsors

Sponsorship breakdown

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2 sponsors · 10 co-sponsors · 108 not signed on

Sponsors (2)

Co-sponsors (10)

Not signed on (108)

108 members have not signed on to this bill.

Show all 108 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 2541 do?
New Jersey Debt Defeasance & Prevention Fund;$2.35B and Dept of Treasury;$4.32B
Who sponsors S 2541?
S 2541 is sponsored by Space, Parker (Republican), Singer, Robert W. (Republican), Schepisi, Holly T. (Republican), Corrado, Kristin M. (Republican), Bucco, Anthony M. (Republican), Pennacchio, Joseph (Republican), Bramnick, Jon M. (Republican), Polistina, Vincent J. (Republican), Holzapfel, James W. (Republican), Steinhardt, Douglas J. (Republican), Testa Jr., Michael L. (Republican), and O'Scanlon Jr., Declan J. (Republican).
What is the current status of S 2541?
This bill has been introduced in the Senate. Introduced January 13, 2026. It must pass committee before a floor vote.
Where can I track S 2541?
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Last checked for changes 3 months ago · updated continuously

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