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- S.163
S.163: Full Faith and Credit Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about economics and public finance
- Introduced Jan. 25, 2011
- Latest Major Action Jan. 26, 2011
Bill Sponsor
Bill Cosponsors
22 (All 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)
Bill Actions
| Date | Description |
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Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
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Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 2.
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| Jan. 25, 2011 |
Introduced in the Senate by Patrick J. Toomey (R-Pa.) |