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Bill113th CongressFiled Jan 23, 2013Economics and Public Finance
S. 92

A bill to require that the Government give priority to payment of all obligations on the debt held by the public and payment of Social Security benefits in the event that the debt limit is reached.

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Under committee review

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What it doesSummary introduced in senate (Jan 23, 2013)

Declares that, in the event the debt of the federal government reaches the statutory limit, the authority of the Department of the Treasury to pay with legal tender the principal and interest on debt held by the public, and the authority of the Commissioner of Social Security to pay monthly Old Age, Survivors and Disability Insurance benefits under title II of the Social Security Act, shall take priority over all other obligations incurred by the government.

What just happenedJan 23, 2013

Read twice and referred to the Committee on Finance.

Who’s behind it

Sen. Vitter, David [R-LA](R-LA)Sponsor
Read on Congress.gov
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  • Introduced in SenateJan 23, 2013
  1. Jan 23, 2013IntroReferral

    Read twice and referred to the Committee on Finance.

  2. Jan 23, 2013IntroReferral10000

    Introduced in Senate