113 HR 1231 IH: Transparency on Prioritizing Spending Act U.S. House of Representatives 2013-03-15 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 1st Session H. R. 1231 IN THE HOUSE OF REPRESENTATIVES March 15, 2013 Mr. Schweikert introduced the following bill; which was referred to the Committee on Ways and Means A BILL To provide that the President shall submit to Congress a report detailing the priority of Federal spending if the statutory debt limit is reached, and for other purposes.

1.

Short title

This Act may be cited as the Transparency on Prioritizing Spending Act.

2.

Priority of spending if the debt ceiling is reached

Not later than 30 days after the date of enactment of this Act, the President shall submit to Congress a report listing, in descending order of prioritization, which obligations of the United States Government will be paid in the event that the debt of the United States Government, as defined in section 3101 of title 31, United States Code, reaches the statutory limit.