A bill to provide guidance and priorities for Federal Government obligations in the event that the debt limit is reached.
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:
Received in the Senate.
Introduced in Senate
Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 273.
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