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S 163 112th Congress Senate

Full Faith and Credit Act

Official title: A bill to require that the Government prioritize all obligations on the debt held by the public in the event that the debt limit is reached.

Introduced: January 25, 2011 See on congress.gov
Economics and Public Finance Budget deficits and national debtSecurities
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 26, 2011
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 2.
Jan 25, 2011
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Jan 25, 2011
Introduced in Senate
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 Latest action January 26, 2011

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 2.

 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.

 Related & companion bills 3
  • HR 568 Related bill To require that the Government give priority to payment of all obligations on the debt held by the public and payment o…
  • S 259 Related bill A bill to require that the Government give priority to payment of all obligations on the debt held by the public and pa…
  • HR 421 Identical bill Full Faith and Credit Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Cosponsors 11
All 11 Republican 8
R
Cornyn, John
Texas · Feb 16, 2011
 R
Wicker, Roger F.
Mississippi · Feb 16, 2011
 R
Graham, Lindsey
South Carolina · Feb 1, 2011
 R
Risch, James E.
Idaho · Feb 1, 2011
 R
Barrasso, John
Wyoming · Jan 25, 2011
DeMint, James
· Jan 25, 2011
Isakson, Johnny
· Jan 25, 2011
 R
Johnson, Ron
Wisconsin · Jan 25, 2011
 R
Lee, Mike
Utah · Jan 25, 2011
 R
Paul, Rand
Kentucky · Jan 25, 2011
Vitter, David
· Jan 25, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 163: Full Faith and Credit Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-163/
MLA
"S. 163: Full Faith and Credit Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-163/.
Bluebook (legal)
S. 163, 112th Cong. (2026), https://openamerica.io/bill/112-S-163/.
Markdown link
[S. 163: Full Faith and Credit Act](https://openamerica.io/bill/112-S-163/)
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