H.R. 2496 · 112th Congress
Payment Reliability for our Obligations to Military and Investors to Secure Essential Stability Act
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
KingSponsor6 cosponsors · 6 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Payment Reliability for our Obligations to Military and Investors to Secure Essential Stability Act or the PROMISES Act - Sets forth the priority of the payment of obligations incurred by the U.S. government in the event that U.S. debt reaches the statutory limit.
What it does: CRS summary · Introduced in House · Jul 12, 2011
Payment Reliability for our Obligations to Military and Investors to Secure Essential Stability Act or the PROMISES Act - Sets forth the priority of the payment of obligations incurred by the U.S. government in the event that U.S. debt reaches the statutory limit.
Directs the Secretary of the Treasury, during any funding gap impacting the Armed Forces, to make emergency appropriations to continue to provide pay and allowances (without interruption) to members of the Army, Navy, Air Force, Marine Corps, and Coast Guard, including the reserve components thereof, who perform active service.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Payment Reliability for our Obligations to Military and Investors to Secure Essential Stability Act
Also known as: PROMISES Act
Latest action (Aug 15, 2011): Referred to the Subcommittee on Military Personnel.
Policy area: Armed Forces and National Security · Origin: House · Introduced: Jul 12, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.