HR 692 114th Congress House Economics and Public Finance Budget deficits and national debt Congressional oversight Government employee pay, benefits, personnel management Government trust funds Interest, dividends, interest rates Members of Congress Securities Social security and elderly assistance

Default Prevention Act

Introduced: February 3, 2015 Introduced by: McClintock, Tom Republican · California See on congress.gov

Everywhere this bill has been 18 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 22, 2015

Received in the Senate.

Oct 21, 2015

Motion to reconsider laid on the table Agreed to without objection.

Oct 21, 2015

On passage Passed by the Yeas and Nays: 235 - 194 (Roll no. 557). (text: CR H7053-7054)

Oct 21, 2015

Considered as unfinished business. (consideration: CR H7077)

Oct 21, 2015

POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 692, the Chair put the question on adoption the bill, and by voice vote announced that the ayes had prevailed. Mr. Levin demanded the yeas and nays, and the Chair postponed further proceedings on the question of adoption until later in the legislative day.

Oct 21, 2015

The previous question was ordered pursuant to the rule. (consideration: CR H7060)

Oct 21, 2015

DEBATE - The House proceeded with one hour of debate on H.R. 692.

Oct 21, 2015

Resolution provides for consideration of both H.R. 10 and H.R. 692.

Oct 21, 2015

Considered under the provisions of rule H. Res. 480. (consideration: CR H7053-7060)

Oct 21, 2015

Rule H. Res. 480 passed House.

Oct 20, 2015

Rules Committee Resolution H. Res. 480 Reported to House. Resolution provides for consideration of both H.R. 10 and H.R. 692.

Sep 18, 2015

Placed on the Union Calendar, Calendar No. 201.

Sep 18, 2015

Reported by the Committee on Ways and Means. H. Rept. 114-265.

Sep 10, 2015

Ordered to be Reported by the Yeas and Nays: 23 - 15.

Sep 10, 2015

Committee Consideration and Mark-up Session Held.

Feb 3, 2015

Referred to the House Committee on Ways and Means.

Feb 3, 2015

Sponsor introductory remarks on measure. (CR H708)

Feb 3, 2015

Introduced in House

Votes taken on this bill 1

Date	Chamber	What was voted on	Result	Yes–No
Oct 21, 2015	House · vote #557	On Passage	Passed	235–194	See who voted →

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Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Default Prevention Act

(Sec. 2) This bill requires the Department of the Treasury to continue to borrow to pay the principal and interest on certain obligations if the debt of the United States exceeds the statutory limit.

If the debt limit is exceeded, Treasury is required to issue obligations solely for the payment of the principal and interest on debt held by the public or the Social Security trust funds. The bill prohibits Treasury from using obligations issued under this bill to compensate Members of Congress.

If Treasury exercises authority provided by this bill, a report must be submitted to Congress including an accounting of: (1) the principal on mature obligations and interest that is due or accrued, and (2) obligations issued under this bill.

What's happening now October 22, 2015

Received in the Senate.

Related & companion bills 3

Bill text 4 versions

Engrossed in House Formatted Text PDF Formatted XML
Introduced in House Formatted Text PDF Formatted XML
Received in Senate Formatted Text PDF Formatted XML
Reported in House Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Ways and Means Committee
House of Representatives

Cosponsors 47

Bishop, Mike

· Sep 15, 2015

Palmer, Gary J.

Alabama · Sep 11, 2015

Guthrie, Brett

Kentucky · Sep 10, 2015

Grothman, Glenn

Wisconsin · Jul 14, 2015

Tennessee · Jul 9, 2015

Labrador, Raul

· Jul 9, 2015

Gosar, Paul A.

Arizona · Jul 8, 2015

Kelly, Mike

Pennsylvania · Jul 8, 2015

Latta, Robert E.

Ohio · Jul 8, 2015

Wagner, Ann

Missouri · Jul 8, 2015

Walberg, Tim

Michigan · Jul 8, 2015

Lucas, Frank D.

Oklahoma · Jun 25, 2015

Scalise, Steve

Louisiana · Jun 25, 2015

Indiana · Jun 17, 2015

BARTON, JOE

· Jun 11, 2015

Harris, Andy

Maryland · Jun 11, 2015

Cole, Tom

Oklahoma · Jun 10, 2015

Foxx, Virginia

North Carolina · Jun 10, 2015

Hudson, Richard

North Carolina · Jun 10, 2015

Jordan, Jim

Ohio · Jun 10, 2015

Lummis, Cynthia M.

Wyoming · Jun 10, 2015

Sanford, Mark

· Jun 10, 2015

Schweikert, David

Arizona · Jun 10, 2015

Montana · Apr 29, 2015

Emmer, Tom

Minnesota · Apr 15, 2015

Barr, Andy

Kentucky · Feb 3, 2015

Blackburn, Marsha

Tennessee · Feb 3, 2015

North Dakota · Feb 3, 2015

DeSantis, Ron

· Feb 3, 2015

Fleischmann, Charles J. "Chuck"

Tennessee · Feb 3, 2015

Loudermilk, Barry

Georgia · Feb 3, 2015

Rouzer, David

North Carolina · Feb 3, 2015

Scott, Austin

Georgia · Feb 3, 2015

Westerman, Bruce

Arkansas · Feb 3, 2015

Wilson, Joe

South Carolina · Feb 3, 2015

Wittman, Robert J.

Virginia · Feb 3, 2015

Woodall, Rob

· Feb 3, 2015

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 692: Default Prevention Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-692/

MLA

"H.R. 692: Default Prevention Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-692/.

Bluebook (legal)

H.R. 692, 114th Cong. (2026), https://openamerica.io/bill/114-HR-692/.

Markdown link

[H.R. 692: Default Prevention Act](https://openamerica.io/bill/114-HR-692/)