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
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1