H.R.421: Full Faith and Credit Act

About This Bill

Bill Cosponsors

102 (1 Democrat, 101 Republicans)

Bill Summary

Full Faith and Credit Act - Requires the authority of the Department of the Treasury to pay the principal and interest on debt held by the public to take priority over all other obligations incurred by the government in the event the federal debt reaches the statutory limit.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with H.R.421.

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Jan. 25, 2011

Introduced in the House by Tom McClintock (R-Calif.)

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