S. 1420 · 112th Congress
A bill to require that the United States Government prioritize all obligations on the debt held by the…
Full title
A bill to require that the United States Government prioritize all obligations on the debt held by the public, Social Security benefits, and military pay in the event that the debt limit is reached, and for other purposes.
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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.
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ToomeySponsor33 cosponsors · 33 R
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Ayotte
RB
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Blunt
JB
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Boozman
JB
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Barrasso
SC
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Chambliss
DC
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Coats
TC
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Coburn
MC
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Crapo
JC
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Cornyn
BC
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Corker
JD
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DeMint
ME
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Enzi
LG
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Graham
CG
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Grassley
OH
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Hatch
KH
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Hutchison
DH
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Heller
JH
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Hoeven
JI
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Inhofe
JI
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Isakson
MJ
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Johanns
RJ
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Johnson
MK
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Kirk
RL
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Lugar
ML
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Lee
JM
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Moran
RP
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Paul
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Roberts
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Risch
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Rubio
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Vitter
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Wicker
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Burr32 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Ensuring the Full Faith and Credit of the United States and Protecting America's Soldiers and Seniors Act - Requires the following to take equal priority over all other federally incurred obligations in the event that the public debt reaches the statutory limit: (1) the authority of the Department of the Treasury to pay with legal tender the principal and…
What it does: CRS summary · Introduced in Senate · Jul 26, 2011
Ensuring the Full Faith and Credit of the United States and Protecting America's Soldiers and Seniors Act - Requires the following to take equal priority over all other federally incurred obligations in the event that the public debt reaches the statutory limit: (1) the authority of the Department of the Treasury to pay with legal tender the principal and interest on debt held by the public; (2) the authority of the Commissioner of Social Security to pay monthly Old Age, Survivors and Disability Insurance benefits under title II of the Social Security Act; and (3) the payment of pay and allowances for members of the Armed Forces on active duty.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to require that the United States Government prioritize all obligations on the debt held by the public, Social Security benefits, and military pay in the event that the debt limit is reached, and for other purposes.
Latest action (Jul 27, 2011): Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 112.
Policy area: Economics and Public Finance · Origin: Senate · Introduced: Jul 26, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.