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H.R. 422 · 115th Congress

Default Prevention Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

TMR McClintockSponsor
89 cosponsors · 89 R
RBR Bishop MBR Brooks SCR Chabot JCR Chaffetz SDR DesJarlais RDR DeSantis TER Emmer TFR Franks VFR Foxx CFR Fleischmann BFR Flores PGR Gosar GGR Grothman JHR Hensarling AHR Harris BJR Johnson SKR King BLR Loudermilk MMR Meadows AMR Mooney DRR Rohrabacher JRR Renacci TRR Rokita KRR Rothfus MSR Sanford DSR Schweikert CSR Stewart STR Tipton RWR Woodall BWR Wenstrup BWR Westerman MBR Bishop KBR Buck DBR Brat JDR Duncan FLR Lucas MWR Walker RMR Marshall SPR Pearce BGR Goodlatte GPR Palmer BGR Guthrie JBR Banks NDR Dunn MLR Love ABR Barr BGR Gibbs DIR Issa MJR Johnson RPR Pittenger PRR Roe DRR Rouzer JWR Wilson TYR Yoho BBR Babin JHR Hill DLR Lamborn RLR Labrador LMR Messer AWR Wagner KYR Yoder TGR Garrett JJR Jordan TPR Poe TWR Walberg JBR Barton KCR Cramer VHR Hartzler MMR Mullin SPR Perry PSR Sessions RHR Hultgren BLR Long RNR Norman MTR Thornberry PRR Roskam RWR Wittman JAR Arrington POR Olson MBR Burgess BBR Byrne MGR Gaetz SJR Johnson DLR LaMalfa LBR Bucshon SGR Graves MKR Kelly LLR Lance AFR Ferguson

31 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill requires the Department of the Treasury to continue to borrow to pay the principal and interest on certain obligations if the debt of the United States exceeds the statutory limit.

What it does: CRS summary · Introduced in House · Jan 10, 2017

Default Prevention Act

This bill requires the Department of the Treasury to continue to borrow to pay the principal and interest on certain obligations if the debt of the United States exceeds the statutory limit.

If the debt limit is exceeded, Treasury must issue obligations solely for the payment of the principal and interest on debt held by the public or the Social Security trust funds. Obligations issued under this bill may not be used to compensate Members of Congress.

If Treasury exercises authority provided by this bill, it must submit to Congress a report that includes an accounting of: (1) the principal on mature obligations and interest that is due or accrued, and (2) obligations issued under this bill.

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 (Jan 10, 2017): Referred to the House Committee on Ways and Means.

Policy area: Economics and Public Finance · Origin: House · Introduced: Jan 10, 2017

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.