S.81: Default Prevention Act

About This Bill

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

There are 2 statements associated with S.81.

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.)

Close Comment Creative Commons Donate Email Facebook Mobile Phone Podcast Print Google News logo Google_NewsInitiative_Lockup_FullColor RSS Search Search Twitter WhatsApp Resolving differences Check Building Arrow right Info circle Oops OOPS Pencil File text Bars Search Close Cogs Filter Compare Revolving Door Info card Activity Member menu Globe Document External link Quote News Calendar No Vote
Current site Current page