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HR 421 112th Congress House Economics and Public Finance Budget deficits and national debt Securities

Full Faith and Credit Act

Introduced: January 25, 2011 Introduced by: McClintock, Tom Republican · California See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 25, 2011
Referred to the House Committee on Ways and Means.
Jan 25, 2011
Introduced in House
 Plain-English summary Congressional Research Service

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.


What's happening now January 25, 2011

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1