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- S.81
S.81: Default Prevention Act
About This Bill
- This bill was introduced in the 113th Congress
- This bill is primarily about economics and public finance
- Introduced Jan. 23, 2013
- Latest Major Action Jan. 28, 2013
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
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...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Jan. 28, 2013 |
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 3.
|
| Jan. 23, 2013 |
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
|
| Jan. 23, 2013 |
Introduced in the Senate by Rand Paul (R-Ky.) |