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S 81 113th Congress Senate Economics and Public Finance Budget deficits and national debt Medicare Military personnel and dependents Social security and elderly assistance

Default Prevention Act

Introduced: January 23, 2013 Introduced by: Paul, Rand Republican · Kentucky See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 28, 2013
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 3.
Jan 23, 2013
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Jan 23, 2013
Introduced in Senate
 Plain-English summary Congressional Research Service

Default Prevention Act - Requires the following to be granted priority over all other federally incurred obligations in the event that the public debt reaches the statutory limit: (1) the authority of the Department of the Treasury to pay with legal tender the principal and interest on debt held by the public; (2) the full payment of compensation, allowances, and benefits for members of the Armed Forces on active duty, (3) the authority of the Commissioner of Social Security to pay monthly Old Age, Survivors and Disability Insurance benefits under title II of the Social Security Act (SSA); and (4) the authority of the Secretary of Health and Human Services (HHS) to make payments for items and services furnished to beneficiaries under SSA title XVIII (Medicare) and related provisions.

What's happening now January 28, 2013

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 3.