Full Faith and Credit Act
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.
- IntroducedFeb 25, 2013
- Passed HouseMay 9, 2013
- Passed SenateNot reached
- To the PresidentNot reached
- 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 call | Question | Result | Date |
|---|---|---|---|
| House 142 | On Passage | Passed221–207 | May 9, 2013 |
| House 141 | On Motion to Recommit with Instructions | Failed200–227 | May 9, 2013 |
| House 140 | On Agreeing to the Amendment | Agreed to340–84 | May 9, 2013 |
Cosponsors 106
Members who signed on, in the order they did. Signatures ran from Feb 25, 2013 to Apr 30, 2013; 23 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MI | Bill Huizenga | Original | Feb 25, 2013 |
| R-WY | Cynthia M. Lummis | Original | Feb 25, 2013 |
| R-CA | Dana Rohrabacher | Original | Feb 25, 2013 |
| R-AZ | David Schweikert | Original | Feb 25, 2013 |
| R-GA | Doug Collins | Original | Feb 25, 2013 |
| R-CA | Doug LaMalfa | Original | Feb 25, 2013 |
| R-UT | Jason Chaffetz | Original | Feb 25, 2013 |
| R-TX | Jeb Hensarling | Original | Feb 25, 2013 |
| R-SC | Jeff Duncan | Original | Feb 25, 2013 |
| R-FL | Jeff Miller | Original | Feb 25, 2013 |
| R-OH | Jim Jordan | Original | Feb 25, 2013 |
| R-MI | Kerry L. Bentivolio | Original | Feb 25, 2013 |
| R-IN | Larry Bucshon | Original | Feb 25, 2013 |
| R-TN | Marsha Blackburn | Original | Feb 25, 2013 |
| R-SC | Mick Mulvaney | Original | Feb 25, 2013 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Feb 25, 2013Reported Apr 30, 2013 |
| Senate | Finance Committee | Referred May 13, 2013 |
Actions 19
Everything that happened, newest first.
- May 13, 2013Received in the Senate and Read twice and referred to the Committee on Finance.
- May 9, 2013Considered under the provisions of rule H. Res. 202. (consideration: CR H2539-2553; text of measure as reported in House: CR H2539)
- May 9, 2013Rule provides for consideration of H.R. 807 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. A specified amendment is in order.
- May 9, 2013DEBATE - The House proceeded with one hour of debate on H.R. 807.
- May 9, 2013DEBATE - The House continued with further debate on H.R. 807.
- May 9, 2013DEBATE - Pursuant to the provisions of H.Res. 202, the House proceeded with 10 minutes of debate on the Camp amendment.
- May 9, 2013Mr. Maffei moved to recommit with instructions to Ways and Means. (consideration: CR H2551-2553; text: CR H2551)
- 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.
- May 9, 2013The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2552)
- May 9, 2013On motion to recommit with instructions Failed by recorded vote: 200 - 227 (Roll no. 141).
- May 9, 2013Passed/agreed to in House: On passage Passed by the Yeas and Nays: 221 - 207 (Roll no. 142).
- May 9, 2013Motion to reconsider laid on the table Agreed to without objection.
- May 8, 2013Rule H. Res. 202 passed House.
- May 7, 2013Rules Committee Resolution H. Res. 202 Reported to House. Rule provides for consideration of H.R. 807 with 1 hour of general debate. Motion to recommit with or without instructions allowed. Measure will be considered read. A specified amendment is in order.
- Apr 30, 2013Reported (Amended) by the Committee on Ways and Means. H. Rept. 113-48.
- Apr 30, 2013Placed on the Union Calendar, Calendar No. 29.
- Apr 24, 2013Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 14.
- Feb 25, 2013Introduced in House
- Feb 25, 2013Referred to the House Committee on Ways and Means.
In the Congressional Record 9
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H6572 | Tom McClintock R-CA | Oct 14, 2013 |
| House | Debate and remarks H5846 | Doug LaMalfa R-CA | Sep 26, 2013 |
| House | Debate and remarks H2660 | Gerald E. Connolly D-VA | May 16, 2013 |
| Senate | Debate and remarks S3356 | Harry Reid D-NV | May 13, 2013 |
| House | Debate and remarks H2539–H2553, H2556Text printed H2539Amendments H2546Motions H2551Recorded votes H2550, H2552, H2553Camp amendment (prohibit payment of compensation to Members of Congress from prioritized obligations on the debt)enactMaffei motion to recommit (prohibit payment of debt held by certain foreign countries instead of protecting U.S. senior citizens, veterans, and those harmed by natural disasters)Cost estimates H2545 | Allyson Y. Schwartz D-PA, Bill Pascrell, Jr. D-NJ, Charles B. Rangel D-NY, Charles W. Boustany, Jr. R-LA, Chris Van Hollen D-MD, Daniel B. Maffei D-NY (motion), Dave Camp R-MI (amendment), Doug LaMalfa R-CA, Earl Blumenauer D-OR, Jim McDermott D-WA, John B. Larson D-CT, John Conyers, Jr. D-MI, John D. Dingell D-MI, John J. Duncan, Jr. R-TN, John Lewis D-GA, Joseph Crowley D-NY, Kenny Marchant R-TX, Kevin Brady R-TX, Marc A. Veasey D-TX, Paul D. Ryan R-WI, Richard E. Neal D-MA, Ron Kind D-WI, Sam Johnson R-TX, Sander M. Levin D-MI, Sheila Jackson Lee D-TX, Steny H. Hoyer D-MD, Steve Scalise R-LA, Tim Griffin R-AR, Todd Young R-IN, Tom McClintock R-CA, Yvette D. Clarke D-NY | May 9, 2013 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Constitutional authority
The sponsor’s statement, as printed in the pages H628, H627.
CRS reports 5
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 5
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| 97-1011 | Salaries of Members of Congress: Recent Actions and Historical Tables | Report | May 6, 2026 |
| 97-615 | Salaries of Members of Congress: Congressional Votes, 1990-2025 | Report | Aug 26, 2025 |
| R48209 | A Binding Debt Limit: Background and Possible Consequences | Report | Oct 4, 2024 |
| R43389 | The Debt Limit Since 2011 | Report | Dec 23, 2022 |
| R41633 | Reaching the Debt Limit: Background and Potential Effects on Government Operations | Report | Mar 27, 2015 |
Amendments 2
Amendments offered to this bill.
| Amendment | Description | Offered by | Status |
|---|---|---|---|
| HAmdt 60 | Amendment in the nature of a substitute. | Rules Committee | House amendment offered |
| HAmdt 61 | Amendment clarifies that any debt issued pursuant to the bill may not be used to pay salaries of Members of Congress and also clarifies that the Secretary must report weekly on the amount of debt issued as well as the reason for such issuance. | Dave Camp R-MI | On agreeing to the Camp amendment (A002) Agreed to by the Yeas and Nays: 340 - 84 (Roll no. 140). |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HRES 202 | Providing 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 related | May 8, 2013 |
| HR 3052 | Debt Ceiling Alternative Act | Related bill | Aug 2, 2013 |
Titles 4
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require that the Government prioritize all obligations on the debt held by the public in the event that the debt limit is reached.
- Short Titles as Introduced
- Full Faith and Credit Act
- Short Titles as Reported to House
- Full Faith and Credit Act
- Short Titles as Passed House
- Full Faith and Credit Act
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
Text 4
Each version as it was printed, newest first.
- May 13, 2013Referred in Senate
- May 9, 2013Engrossed in House
- Apr 30, 2013Reported in House
- Feb 25, 2013Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.