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- S.100
S.100: Default Prevention Act
About This Bill
- Introduced Jan. 28, 2021
- Latest Major Action Jan. 28, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - Jan. 28, 2021
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; compensation, allowances, and benefits for members of the Armed Forces on active duty; Social Security benefits; Medicare benefits; and obligations under any program administered by the Department of Veterans Affairs. ...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Jan. 28, 2021 |
Read twice and referred to the Committee on Finance.
|
| Jan. 28, 2021 |
Introduced in the Senate by Rand Paul (R-Ky.) |