Bill114th CongressFiled Oct 19, 2015Economics and Public Finance
S. 2181
Default Prevention Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary 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.
What just happenedOct 20, 2015
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 273.
Who’s behind it
Sen. Paul, Rand [R-KY](R-KY)Sponsor
3actions1related bills4subjects
- Placed on Calendar SenateOct 20, 2015
- Oct 20, 2015Calendars
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 273.
- Oct 19, 2015Calendars
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
- Oct 19, 2015IntroReferral10000
Introduced in Senate