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Protecting Benefits: Medicare, Social Security, and Military Despite Debt Limit

This proposed bill aims to ensure that benefits like Social Security, Medicare, veterans' benefits, and military pay are disbursed on time, even if the government reaches its debt ceiling. This means citizens should not worry about delays in receiving these crucial payments, which are vital for their daily lives and financial security.
Key points
Ensures continuous payment of Social Security (retirement, disability) and Medicare (healthcare) benefits regardless of the public debt limit.
Guarantees timely payments of veterans' disability benefits and military salaries, even if the debt ceiling is reached.
Authorizes the Treasury to issue special obligations that will not count towards the debt limit to fund these essential benefits.
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Additional Information
Print number: 118_HR_3157
Sponsor: Rep. Nunn, Zachary [R-IA-3]
Process start date: 2023-05-09