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US Default Prevention: Prioritizing Public Debt Payments

This act aims to ensure the U.S. government can meet its financial obligations even if it reaches its debt limit. It establishes a payment order to prioritize essential payments like debt interest, Medicare benefits, and military expenses. Citizens can feel more secure about the continuity of critical benefits and the nation's financial stability.
Key points
Prioritizes the payment of public debt, including principal and interest, to prevent default.
Ensures the continuity of Medicare benefits, Department of Defense obligations, and veterans' benefits.
Establishes a payment hierarchy, where federal employee and congressional salaries are paid last, after critical obligations are met.
Requires weekly reports to Congress on payment status and debt.
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Expired
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Additional Information
Print number: 118_HR_187
Sponsor: Rep. McClintock, Tom [R-CA-5]
Process start date: 2023-01-09
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Default Prevention Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_187.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-01-09.

What are the main provisions?

Key points include:

  • Prioritizes the payment of public debt, including principal and interest, to prevent default.
  • Ensures the continuity of Medicare benefits, Department of Defense obligations, and veterans' benefits.
  • Establishes a payment hierarchy, where federal employee and congressional salaries are paid last, after critical obligations are met.
  • Requires weekly reports to Congress on payment status and debt.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. McClintock, Tom [R-CA-5].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 279.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

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