118th Congress Economics and Public Finance
H.R. 187: Default Prevention Act
Reported
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Jeff Duncan R-SCOriginal
- Glenn Grothman R-WIOriginal
- Matt Gaetz R-FLOriginal
- Debbie Lesko R-AZ
Who scored on this bill
- 1Tom McClintock SponsorIntroduced, reported2 events+20
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Tom McClintock
- H.R. 2302: Shingle Springs Band of Miwok Indians Land Transfer Act of 2025
- H.R. 181: To amend the Endangered Species Act of 1973 to provide that artificially propagated animals shall be treated the same under that Act as naturally propagated animals, and for other purposes.
- H.R. 184: Action Versus No Action Act
- H.R. 8454: To provide for the transfer of administrative jurisdiction over certain Federal land in the State of California, and for other purposes.
- H.R. 183: Law Enforcement Officer and Firefighter Recreation Pass Act
- H.R. 175: Deport Alien Gang Members Act
History
- Introduced in the House by Tom McClintock.
Show the full action history (6 actions)
- Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-340.
- Placed on the Union Calendar, Calendar No. 279.
- Committee Consideration and Mark-up Session Held.
- Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 21 - 17.
- Introduced in House
- Referred to the House Committee on Ways and Means.