Voice your opinion on congressional bill HR187-118 and let lawmakers know your stance with UnPac!

Main Subject: Economics and Public Finance

Default Prevention Act

This bill requires the Department of the Treasury to continue borrowing to pay the principal and interest on obligations held by the public or the Social Security trust funds if the federal debt limit is reached.

The bill also (1) exempts any obligations issued under this bill from the debt limit if the obligations would otherwise cause the limit to be exceeded, and (2) prohibits the obligations from being used to compensate Members of Congress.

House floor actions Actions

Calendars
Jan. 09 2024	Placed on the Union Calendar, Calendar No. 279.

Committee
Jan. 09 2024	Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-340.

IntroReferral
Jan. 09 2023	Referred to the House Committee on Ways and Means.

Library of Congress Actions

Committee
Jan. 09 2024	Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-340.

IntroReferral
Jan. 09 2023	Introduced in House Introduced in House

House committee actions Actions

Committee
Mar. 09 2023	Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 21 - 17. Committee Consideration and Mark-up Session Held.

House bill HR187-118

Default Prevention Act

Promote the cause!

Or use this QR code