114-hr-692114th Congress

Default Prevention Act

Sponsored By: Representative McClintock, Tom [R-CA-5]

Unknown

Summary

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 is required to issue obligations solely for the payment of the principal and interest on debt held by the public or the Social Security trust funds. The bill prohibits Treasury from using obligations issued under this Act to compensate Members of Congress. If Treasury exercises authority provided by this Act, a report must be submitted to Congress including an accounting of: (1) the principal on mature obligations and interest that is due or accrued, and (2) obligations issued under this Act.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

McClintock, Tom [R-CA-5]

CA • R

Cosponsors

Rep. Schweikert, David [R-AZ-1]
AZ • R
Sponsored 6/10/2015
DANA ROHRABACHER
CA • R
Sponsored 6/10/2015
Rep. Bishop, Rob [R-UT-1]
UT • R
Sponsored 6/10/2015
Rep. Wenstrup, Brad R. [R-OH-2]
OH • R
Sponsored 6/11/2015
Rep. Harris, Andy [R-MD-1]
MD • R
Sponsored 6/11/2015
JOE BARTON
TX • R
Sponsored 6/11/2015
Rep. Conaway, K. Michael [R-TX-11]
TX • R
Sponsored 6/11/2015
Rep. Jenkins, Lynn [R-KS-2]
KS • R
Sponsored 9/10/2015
Rep. Bishop, Mike [R-MI-8]
MI • R
Sponsored 9/15/2015
ROBERT GOODLATTE
VA • R
Sponsored 9/15/2015
Rep. Poe, Ted [R-TX-2]
TX • R
Sponsored 2/3/2015
Rep. Pittenger, Robert [R-NC-9]
NC • R
Sponsored 2/3/2015
Rep. Garrett, Scott [R-NJ-5]
NJ • R
Sponsored 2/3/2015
JOHN DUNCAN
TN • R
Sponsored 2/3/2015
Rep. Fleischmann, Charles J. "Chuck" [R-TN-3]
TN • R
Sponsored 2/3/2015
Rep. Olson, Pete [R-TX-22]
TX • R
Sponsored 2/3/2015
Rep. Brat, Dave [R-VA-7]
VA • R
Sponsored 2/3/2015
Rep. Yoho, Ted S. [R-FL-3]
FL • R
Sponsored 2/3/2015
Rep. Mulvaney, Mick [R-SC-5]
SC • R
Sponsored 2/3/2015
Rep. Pearce, Stevan [R-NM-2]
NM • R
Sponsored 2/3/2015
Rep. Black, Diane [R-TN-6]
TN • R
Sponsored 2/3/2015
Rep. Duncan, Jeff [R-SC-3]
SC • R
Sponsored 2/3/2015
Sen. Blackburn, Marsha [R-TN]
TN • R
Sponsored 2/3/2015
Rep. DeSantis, Ron [R-FL-6]
FL • R
Sponsored 2/3/2015
Rep. Roe, David P. [R-TN-1]
TN • R
Sponsored 2/3/2015
Rep. Chabot, Steve [R-OH-1]
OH • R
Sponsored 2/3/2015
Rep. Rothfus, Keith J. [R-PA-12]
PA • R
Sponsored 2/3/2015
Rep. Brady, Kevin [R-TX-8]
TX • R
Sponsored 2/3/2015
Sen. Cramer, Kevin [R-ND]
ND • R
Sponsored 2/3/2015
Rep. Hensarling, Jeb [R-TX-5]
TX • R
Sponsored 2/3/2015
Rep. Lamborn, Doug [R-CO-5]
CO • R
Sponsored 2/3/2015
Rep. Gibbs, Bob [R-OH-7]
OH • R
Sponsored 2/3/2015
Rep. Westerman, Bruce [R-AR-4]
AR • R
Sponsored 2/3/2015
Rep. Ellmers, Renee L. [R-NC-2]
NC • R
Sponsored 2/3/2015
Rep. Blum, Rod [R-IA-1]
IA • R
Sponsored 2/3/2015
Rep. Woodall, Rob [R-GA-7]
GA • R
Sponsored 2/3/2015
Rep. LaMalfa, Doug [R-CA-1]
CA • R
Sponsored 2/3/2015
Rep. Wilson, Joe [R-SC-2]
SC • R
Sponsored 2/3/2015
Rep. Fleming, John [R-LA-4]
LA • R
Sponsored 2/3/2015
Rep. Brooks, Mo [R-AL-5]
AL • R
Sponsored 2/3/2015
Rep. Scott, Austin [R-GA-8]
GA • R
Sponsored 2/3/2015
Rep. Franks, Trent [R-AZ-8]
AZ • R
Sponsored 2/3/2015
Rep. Wittman, Robert J. [R-VA-1]
VA • R
Sponsored 2/3/2015
Rep. Barr, Andy [R-KY-6]
KY • R
Sponsored 2/3/2015
Rep. Loudermilk, Barry [R-GA-11]
GA • R
Sponsored 2/3/2015
Rep. Rouzer, David [R-NC-7]
NC • R
Sponsored 2/3/2015
Rep. Stewart, Chris [R-UT-2]
UT • R
Sponsored 2/3/2015
Rep. Flores, Bill [R-TX-17]
TX • R
Sponsored 2/3/2015
Rep. Yoder, Kevin [R-KS-3]
KS • R
Sponsored 2/3/2015
Rep. Rice, Tom [R-SC-7]
SC • R
Sponsored 2/3/2015
Rep. Nunnelee, Alan [R-MS-1]
MS • R
Sponsored 2/3/2015
Rep. King, Steve [R-IA-4]
IA • R
Sponsored 2/3/2015
MATT SALMON
AZ • R
Sponsored 2/3/2015
Rep. Forbes, J. Randy [R-VA-4]
VA • R
Sponsored 2/27/2015
Rep. Johnson, Bill [R-OH-6]
OH • R
Sponsored 4/15/2015
Rep. Buck, Ken [R-CO-4]
CO • R
Sponsored 4/15/2015
Rep. Tipton, Scott R. [R-CO-3]
CO • R
Sponsored 4/15/2015
Rep. Emmer, Tom [R-MN-6]
MN • R
Sponsored 4/15/2015
Rep. Zinke, Ryan K. [R-MT-1]
MT • R
Sponsored 4/29/2015
Rep. Young, David [R-IA-3]
IA • R
Sponsored 4/29/2015
Rep. Hartzler, Vicky [R-MO-4]
MO • R
Sponsored 6/9/2015
Rep. Messer, Luke [R-IN-6]
IN • R
Sponsored 6/9/2015
Rep. Jordan, Jim [R-OH-4]
OH • R
Sponsored 6/10/2015
Rep. Cole, Tom [R-OK-4]
OK • R
Sponsored 6/10/2015
Rep. Hudson, Richard [R-NC-9]
NC • R
Sponsored 6/10/2015
Sen. Lummis, Cynthia M. [R-WY]
WY • R
Sponsored 6/10/2015
Rep. Meadows, Mark [R-NC-11]
NC • R
Sponsored 6/10/2015
Rep. Foxx, Virginia [R-NC-5]
NC • R
Sponsored 6/10/2015
Rep. Sanford, Mark [R-SC-1]
SC • R
Sponsored 6/10/2015
Rep. Price, Tom [R-GA-6]
GA • R
Sponsored 6/10/2015
Rep. Rokita, Todd [R-IN-4]
IN • R
Sponsored 6/10/2015
Rep. Graves, Tom [R-GA-14]
GA • R
Sponsored 6/10/2015
Rep. Sessions, Pete [R-TX-17]
TX • R
Sponsored 6/10/2015
Rep. Stutzman, Marlin A. [R-IN-3]
IN • R
Sponsored 6/17/2015
Rep. Miller, Jeff [R-FL-1]
FL • R
Sponsored 6/17/2015
Rep. Gowdy, Trey [R-SC-4]
SC • R
Sponsored 6/17/2015
Rep. Chaffetz, Jason [R-UT-3]
UT • R
Sponsored 6/17/2015
Rep. Duffy, Sean P. [R-WI-7]
WI • R
Sponsored 6/24/2015
JOSEPH PITTS
PA • R
Sponsored 6/24/2015
Rep. Kline, John [R-MN-2]
MN • R
Sponsored 6/24/2015
Rep. Babin, Brian [R-TX-36]
TX • R
Sponsored 6/24/2015
Rep. Posey, Bill [R-FL-8]
FL • R
Sponsored 6/24/2015
Rep. Ribble, Reid J. [R-WI-8]
WI • R
Sponsored 6/24/2015
Rep. Pompeo, Mike [R-KS-4]
KS • R
Sponsored 6/24/2015
Rep. Mullin, Markwayne [R-OK-2]
OK • R
Sponsored 6/25/2015
Rep. Benishek, Dan [R-MI-1]
MI • R
Sponsored 6/25/2015
WILLIAM THORNBERRY
TX • R
Sponsored 6/25/2015
Rep. Lucas, Frank D. [R-OK-3]
OK • R
Sponsored 6/25/2015
Rep. Scalise, Steve [R-LA-1]
LA • R
Sponsored 6/25/2015
Rep. Mooney, Alexander X. [R-WV-2]
WV • R
Sponsored 6/25/2015
Rep. Wagner, Ann [R-MO-2]
MO • R
Sponsored 7/8/2015
Rep. Collins, Doug [R-GA-9]
GA • R
Sponsored 7/8/2015
Rep. Gosar, Paul A. [R-AZ-9]
AZ • R
Sponsored 7/8/2015
Rep. Roskam, Peter J. [R-IL-6]
IL • R
Sponsored 7/8/2015
Rep. Kelly, Mike [R-PA-16]
PA • R
Sponsored 7/8/2015
Rep. Latta, Robert E. [R-OH-5]
OH • R
Sponsored 7/8/2015
Rep. Neugebauer, Randy [R-TX-19]
TX • R
Sponsored 7/8/2015
Rep. Luetkemeyer, Blaine [R-MO-3]
MO • R
Sponsored 7/8/2015
Rep. Walberg, Tim [R-MI-5]
MI • R
Sponsored 7/8/2015
Rep. McKinley, David B. [R-WV-1]
WV • R
Sponsored 7/9/2015
Rep. Hultgren, Randy [R-IL-14]
IL • R
Sponsored 7/9/2015
Rep. DesJarlais, Scott [R-TN-4]
TN • R
Sponsored 7/9/2015
Rep. Labrador, Raul R. [R-ID-1]
ID • R
Sponsored 7/9/2015
Rep. Clawson, Curt [R-FL-19]
FL • R
Sponsored 7/14/2015
Rep. Grothman, Glenn [R-WI-6]
WI • R
Sponsored 7/14/2015
Rep. Walker, Mark [R-NC-6]
NC • R
Sponsored 7/14/2015
Rep. Roby, Martha [R-AL-2]
AL • R
Sponsored 7/14/2015
Rep. Long, Billy [R-MO-7]
MO • R
Sponsored 7/15/2015
Rep. Collins, Chris [R-NY-27]
NY • R
Sponsored 7/23/2015
SAM JOHNSON
TX • R
Sponsored 7/23/2015
Rep. Guthrie, Brett [R-KY-2]
KY • R
Sponsored 9/10/2015
Rep. Palmer, Gary J. [R-AL-6]
AL • R
Sponsored 9/11/2015

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov

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Back to Legislation

Default Prevention Act

Summary

How does this bill affect your finances?

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Cosponsors

Roll Call Votes

Related Bills

Live Policy Activity

Not In My Barn Yard Act

Other Activity On This Topic

DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push

How These Connect

Deep Dive

Federal Debt & the Debt Ceiling

Commercial Space Launch & Regulation

Related Bills

Live Policy Activity

Not In My Barn Yard Act

Other Activity On This Topic

DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push

How These Connect

Deep Dive

Federal Debt & the Debt Ceiling

Commercial Space Launch & Regulation

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