A bill to ensure the complete and timely payment of the obligations of the United States Government until December 31, 2014.
Default Prevention Act of 2013 - Amends the No Budget, No Pay Act of 2013 (P.L. 113-3) to suspend the public debt limit through December 31, 2014.
Revises the special rule relating to obligations issued during the suspension period to provide for an increase in the debt limit, effective January 1, 2015, to the extent that: (1) the face amount of obligations issued and the face amount of obligations whose principal and interest are guaranteed by the federal government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on January 1, 2015, exceeds (2) the face amount of such obligations outstanding on the date of enactment of this Act.
Prohibits an obligation from being taken into account unless its issuance was necessary to fund a commitment incurred by the federal government that required payment before January 1, 2015.
Became Public Law No: 113-3.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S7308)
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 211.
Motion to proceed to consideration of measure made in Senate. (consideration: CR S7357, S7371-7385)
Cloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S7384-7385; text: CR S7385)
Motion to proceed to consideration of measure made in Senate. (consideration: CR S7389-7390, S7390-7391; text: CR S7389)
Motion to proceed to consideration of measure made in Senate. (consideration: CR S7455-7471)
Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 53 - 45. Record Vote Number: 216. (consideration: CR S7419-7426, S7427-7430; text: CR S7425)
Roll Call #216 (Senate)Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Record Vote no. 216) entered in Senate. (consideration: CR S7425-7426)
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Motion to proceed to consideration of measure made in Senate. (consideration: CR S7433-7454)
Motion to proceed to consideration of measure made in Senate. (consideration: CR S7455-7471)
Motion to proceed to consideration of measure made in Senate. (consideration: CR S7475-7485, S7485-7499)
Motion to proceed to consideration of measure made in Senate. (consideration: CR S7503-7531)