US HB568 | 2011-2012 | 112th Congress

US Congress House Bill 568 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 9 2011 - 25% progression, died in committee
Action: 2011-02-09 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Requires the authority of the Department of the Treasury to pay 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, to take priority over all other obligations incurred by the government in the event the federal debt reaches the statutory limit.

Title

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.

History

Date	Chamber	Action
2011-02-09	House	Referred to the House Committee on Ways and Means.

Same As/Similar To

SB259 (Same As) 2011-02-02 - Read twice and referred to the Committee on Finance.
HB728 (Related) 2011-02-15 - Referred to the House Committee on Ways and Means.
HB421 (Related) 2011-01-25 - Referred to the House Committee on Ways and Means.
SB163 (Related) 2011-01-26 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 2.