To require that the Government prioritize all obligations on the debt held by the public in the event that the debt limit is reached.
Full Faith and Credit Act - Requires the authority of the Department of the Treasury to pay the principal and interest on debt held by the public to take priority over all other obligations incurred by the government in the event the federal debt reaches the statutory limit.
Referred to the House Committee on Ways and Means.
Read twice and referred to the Committee on Finance.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 2.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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