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 Spreadsheet

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 140On Agreeing to the AmendmentAgreed to340–84May 9, 2013

Yea 340

Nay 84

Not voting 8

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.

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

Committees 2

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Feb 25, 2013Reported Apr 30, 2013
SenateFinance Committee
Referred May 13, 2013

Actions 19

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, 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.
  4. May 9, 2013DEBATE - The House proceeded with one hour of debate on H.R. 807.
  5. May 9, 2013DEBATE - The House continued with further debate on H.R. 807.
Show all 19 actions

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.

WhereIn the RecordMembersDate
HouseDebate and remarks H6572Tom McClintock R-CAOct 14, 2013
HouseDebate and remarks H5846Doug LaMalfa R-CASep 26, 2013
HouseDebate and remarks H2660Gerald E. Connolly D-VAMay 16, 2013
SenateDebate and remarks S3356Harry Reid D-NVMay 13, 2013
HouseDebate 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 H2545Allyson 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-NYMay 9, 2013
Show all 9 days

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

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8, Clauses 1 and 2 of the United States Constitution, which confer on Congress the power to collect and manage revenue for the payment of debts owed by the United States and to borrow money on the credit of the United States. Article 1, Section 8, Clauses 1 and 2 United States Constitution: ``The Congress shall have the power to lay and collect taxes, duties, imports and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imports and excises shall be uniform throughout the United States; To borrow money on credit of the United States;''

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.

Amendments 2

Amendments offered to this bill.

AmendmentDescriptionOffered byStatus
HAmdt 60Amendment in the nature of a substitute.Rules CommitteeHouse amendment offered
HAmdt 61Amendment 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-MIOn 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.

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

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.

  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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.