HR 807 · 113th Congress 2013–2015, ended

Full Faith and Credit Act

Introduced Feb 25, 2013 Originated House Sponsor Tom McClintock R-CA

Fact sheet

Latest action · May 13, 2013 Received in the Senate and Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedFeb 25, 2013
  2. Passed HouseMay 9, 2013
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Full Faith and Credit Act - Requires the Secretary of the Treasury, in addition to any other authority provided by law, to issue obligations to pay with legal tender, and solely for the purpose of paying, the principal and interest on U.S. obligations held by the public, or held by the Old-Age and Survivors Insurance Trust Fund and Disability Insurance Trust Fund, in the event that the federal debt reaches the statutory limit after enactment of this Act.

Prohibits: (1) the use of the issued obligations to pay compensation for Members of Congress, and (2) these obligations from being taken into account in applying the current $16.394 trillion public debt limit to the extent that they would otherwise cause such limit to be exceeded.

Requires the Secretary, if such authority is exercised after enactment of this Act, to report to specified congressional committees each week the authority is in use and provide an accounting of: (1) the principal on mature obligations and interest due or accrued by the United States, and (2) any obligations issued pursuant to this Act.

Recorded votes 3

Newest first. Open one to see how every member voted.

Roll callQuestionResultDate
House 142Passed221–207May 9, 2013
House 141Failed200–227May 9, 2013
House 140Agreed to340–84May 9, 2013

Cosponsors 106

Members who signed on, in the order they did. Signatures ran from Feb 25, 2013 to Apr 30, 2013, with 23 there on the day it was introduced.

SeatCosponsorSigned on
R-MIBill HuizengaOriginalFeb 25, 2013
R-WYCynthia M. LummisOriginalFeb 25, 2013
R-CADana RohrabacherOriginalFeb 25, 2013
R-AZDavid SchweikertOriginalFeb 25, 2013
R-GADoug CollinsOriginalFeb 25, 2013
R-CADoug LaMalfaOriginalFeb 25, 2013
R-UTJason ChaffetzOriginalFeb 25, 2013
R-TXJeb HensarlingOriginalFeb 25, 2013
R-SCJeff DuncanOriginalFeb 25, 2013
R-FLJeff MillerOriginalFeb 25, 2013
R-OHJim JordanOriginalFeb 25, 2013
R-MIKerry L. BentivolioOriginalFeb 25, 2013
R-INLarry BucshonOriginalFeb 25, 2013
R-TNMarsha BlackburnOriginalFeb 25, 2013
R-SCMick MulvaneyOriginalFeb 25, 2013
Show all 106 cosponsors

Actions 20

Everything that happened, newest first.

  1. May 13, 2013Received in the Senate and Read twice and referred to the Committee on Finance.
  2. May 9, 2013Considered under the provisions of rule H. Res. 202. (consideration: CR H2539-2553; text of measure as reported in House: CR H2539)
  3. May 9, 2013DEBATE - Pursuant to the provisions of H.Res. 202, the House proceeded with 10 minutes of debate on the Camp amendment.
  4. May 9, 2013DEBATE - The House continued with further debate on H.R. 807.
  5. May 9, 2013DEBATE - The House proceeded with 10 minutes of debate on the Maffei motion to recommit with instructions pending reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment adding a new section pertaining to the prohibition on default that pays China first instead of protecting America's seniors, veterans, and those harmed by natural disasters. Subsequently, the reservation was removed.
Show all 20 actions

Related bills 2

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HRES 202Providing for consideration of the bill (H.R. 807) to require that the Government prioritize all obligations on the debt held by the public in the event that the debt limit is reached.Procedurally relatedMay 8, 2013
HR 3052Debt Ceiling Alternative ActRelated billAug 2, 2013

Subjects

Assigned by the Library of Congress. Policy area: Economics and Public Finance.

Text 4

Each version as it was printed, newest first.

  1. May 13, 2013Referred in Senate
  2. May 9, 2013Engrossed in House
  3. Apr 30, 2013Reported in House
  4. Feb 25, 2013Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.