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
STEVE CHABOT
OH • R
Sponsored 2/3/2015
Rep. Rothfus, Keith J. [R-PA-12]
PA • R
Sponsored 2/3/2015
KEVIN BRADY
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
LaMalfa
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
Jordan
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
Markwayne Mullin
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
Scalise
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
DesJarlais
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