S. 81
Default Prevention Act
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 3.
Sponsor
Sen. Paul, Rand [R-KY]
Bill Details
- Update Date
- Mar 3, 2022
- Update Date (incl. Text)
- Jan 10, 2023
- Origin Chamber
- Senate
- Bill Type
- S
- Bill Number
- 81
- Congress
- 113
- Introduced Date
- Jan 23, 2013
- Policy Area
- Economics and Public Finance
- Is Law
- No
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 3.
Source: Senate
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Source: Senate
Introduced in Senate
Source: Library of Congress
Default Prevention Act - Requires the following to be granted 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 full payment of compensation, allowances, and benefits for members of the Armed Forces on active duty, (3) 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 (SSA); and (4) the authority of the Secretary of Health and Human Services (HHS) to make payments for items and services furnished to beneficiaries under SSA title XVIII (Medicare) and related provisions.
Placed on Calendar Senate
Jan 28, 2013