S. 2181 · 114th Congress
Default Prevention Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
PaulSponsorNo cosponsors.
This bill requires the following obligations to be granted priority over all other U.S. obligations if the public debt reaches the statutory limit:
What it does: CRS summary · Introduced in Senate · Oct 19, 2015
Default Prevention Act
This bill requires the following obligations to be granted priority over all other U.S. obligations if the public debt reaches the statutory limit:
- principal and interest on debt held by the public;
- compensations, allowances, and benefits for members of the Armed Forces on active duty;
- Social Security benefits; and
- Medicare benefits.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Default Prevention Act
Latest action (Oct 20, 2015): Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 273.
Policy area: Economics and Public Finance · Origin: Senate · Introduced: Oct 19, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.