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S 2181 114th 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: October 19, 2015 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
Oct 20, 2015
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 273.
Oct 19, 2015
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Oct 19, 2015
Introduced in Senate
 Plain-English summary Congressional Research Service

Default Prevention Act

This bill requires the following obligations to be granted priority over all other U.S. obligations if the public debt reaches the statutory limit:

  • principal and interest on debt held by the public;
  • compensations, allowances, and benefits for members of the Armed Forces on active duty;
  • Social Security benefits; and
  • Medicare benefits.
What's happening now October 20, 2015

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 273.