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S. 1569

Default Prevention Act of 2013

Default Prevention Act of 2013 - Amends the No Budget, No Pay Act of 2013 (P.L. 113-3) to suspend the public debt limit through December 31, 2014.

Revises the special rule relating to obligations issued during the suspension period to provide for an increase in the debt limit, effective January 1, 2015, to the extent that: (1) the face amount of obligations issued and the face amount of obligations whose principal and interest are guaranteed by the federal government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on January 1, 2015, exceeds (2) the face amount of such obligations outstanding on the date of enactment of this Act.

Prohibits an obligation from being taken into account unless its issuance was necessary to fund a commitment incurred by the federal government that required payment before January 1, 2015.

Motion to proceed to consideration of measure made in Senate. (consideration: CR S7503-7531)

Sen. Reid, Harry [D-NV](D-NV)Sponsor
1 cosponsor1 D
1cosponsors13actions1amendments2related bills1subjects
  • Placed on Calendar SenateOct 9, 2013
  1. Floor

    Motion to proceed to consideration of measure made in Senate. (consideration: CR S7503-7531)

  2. Floor

    Motion to proceed to consideration of measure made in Senate. (consideration: CR S7475-7485, S7485-7499)

  3. Floor

    Motion to proceed to consideration of measure made in Senate. (consideration: CR S7455-7471)

  4. Floor

    Motion to proceed to consideration of measure made in Senate. (consideration: CR S7433-7454)

  5. Floor

    Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Record Vote no. 216) entered in Senate. (consideration: CR S7425-7426)

  6. Floor

    Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 53 - 45. Record Vote Number: 216. (consideration: CR S7419-7426, S7427-7430; text: CR S7425)

  7. Floor

    Motion to proceed to consideration of measure made in Senate. (consideration: CR S7455-7471)

  8. Floor

    Motion to proceed to consideration of measure made in Senate. (consideration: CR S7389-7390, S7390-7391; text: CR S7389)

  9. Floor

    Cloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S7384-7385; text: CR S7385)

  10. Floor

    Motion to proceed to consideration of measure made in Senate. (consideration: CR S7357, S7371-7385)

  11. Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 211.

  12. Calendars

    Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S7308)

  13. IntroReferral10000

    Introduced in Senate

Default Prevention Act of 2013 — Informed