S 163
112th Congress
Senate
Economics and Public Finance
Budget deficits and national debt
Securities
Full Faith and Credit Act
Introduced: January 25, 2011
See on congress.gov
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
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
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 2.