S.2181: Default Prevention Act

About This Bill

Bill Sponsor

Bill Summary

Default Prevention Act This bill requires the following obligations to be granted priority over all other U.S. obligations if the public debt reaches the statutory limit: principal and interest on debt held by the public; compensations, allowances, and benefits for members of the Armed Forces on active duty; Social Security benefits; and Medicare benefits.

(Source: Library of Congress)

Bill Actions

Date Description
Oct. 20, 2015
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 273.
Oct. 19, 2015
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Oct. 19, 2015

Introduced in the Senate by Rand Paul (R-Ky.)

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