Default Prevention Act

Bill Number

S 2181

Introduced

Oct 19, 2015

Latest Action

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

Sponsor

Cosponsors

Topics

Budget deficits and national debt Economics and Public Finance Medicare Military personnel and dependents Social security and elderly assistance

Full Text

Votes

Summary

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.

Actions

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

Amendments

Related Bills