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HR 422 115th 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: January 10, 2017 Introduced by: McClintock, Tom Republican · California See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 10, 2017
Referred to the House Committee on Ways and Means.
Jan 10, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

Default Prevention Act

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 must issue obligations solely for the payment of the principal and interest on debt held by the public or the Social Security trust funds. Obligations issued under this bill may not be used to compensate Members of Congress.

If Treasury exercises authority provided by this bill, it must submit to Congress a report that includes 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 January 10, 2017

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 61
All 61 Republican 34
Ferguson, A.
· May 24, 2018
 R
Graves, Sam
Missouri · Jan 10, 2018
 R
Kelly, Mike
Pennsylvania · Jan 10, 2018
Lance, Leonard
· Jan 10, 2018
Byrne, Bradley
· Oct 24, 2017
JOHNSON, SAM
· Oct 24, 2017
 R
Arrington, Jodey C.
Texas · Sep 14, 2017
Roskam, Peter
· Jul 18, 2017
 R
Wittman, Robert J.
Virginia · Jul 18, 2017
Hultgren, Randy
· Jul 14, 2017
 R
Norman, Ralph
South Carolina · Jul 14, 2017
THORNBERRY, WILLIAM
· Jul 14, 2017
BARTON, JOE
· Jun 29, 2017
 R
Cramer, Kevin
North Dakota · Jun 29, 2017
 R
Perry, Scott
Pennsylvania · Jun 29, 2017
 R
Sessions, Pete
Texas · Jun 29, 2017
Garrett, Thomas
· Jun 15, 2017
 R
Jordan, Jim
Ohio · Jun 15, 2017
 R
Walberg, Tim
Michigan · Jun 15, 2017
 R
Babin, Brian
Texas · Jun 13, 2017
 R
Hill, J. French
Arkansas · Jun 13, 2017
Labrador, Raul
· Jun 13, 2017
Messer, Luke
· Jun 13, 2017
 R
Wagner, Ann
Missouri · Jun 13, 2017
Yoder, Kevin
· Jun 13, 2017
 R
Barr, Andy
Kentucky · Jun 7, 2017
 R
Issa, Darrell
California · Jun 7, 2017
 R
Johnson, Mike
Louisiana · Jun 7, 2017
Pittenger, Robert
· Jun 7, 2017
 R
Rouzer, David
North Carolina · Jun 7, 2017
 R
Wilson, Joe
South Carolina · Jun 7, 2017
 R
Banks, Jim
Indiana · May 25, 2017
 R
Dunn, Neal P.
Florida · May 25, 2017
Love, Mia
· May 25, 2017
 R
Guthrie, Brett
Kentucky · Mar 9, 2017
 R
Palmer, Gary J.
Alabama · Feb 16, 2017
GOODLATTE, ROBERT
· Feb 6, 2017
 R
Marshall, Roger
Kansas · Feb 2, 2017
Walker, Mark
· Feb 1, 2017
Brat, Dave
· Jan 30, 2017
 R
Lucas, Frank D.
Oklahoma · Jan 30, 2017
Bishop, Mike
· Jan 11, 2017
Buck, Ken
· Jan 11, 2017
Chaffetz, Jason
· Jan 10, 2017
DeSantis, Ron
· Jan 10, 2017
 R
DesJarlais, Scott
Tennessee · Jan 10, 2017
 R
Emmer, Tom
Minnesota · Jan 10, 2017
 R
Fleischmann, Charles J. "Chuck"
Tennessee · Jan 10, 2017
 R
Foxx, Virginia
North Carolina · Jan 10, 2017
 R
Gosar, Paul A.
Arizona · Jan 10, 2017
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 422: Default Prevention Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-422/
MLA
"H.R. 422: Default Prevention Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-422/.
Bluebook (legal)
H.R. 422, 115th Cong. (2026), https://openamerica.io/bill/115-HR-422/.
Markdown link
[H.R. 422: Default Prevention Act](https://openamerica.io/bill/115-HR-422/)
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