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.

3.0.0 728 2023-01-11T13:20:35Z 2023-01-11T13:20:35Z House H HR 2011-02-15 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. STUTZMAN:H.R. 728.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article 1, Section 8, Clause 1 of the UnitedStates Constitution.Article 1, Section 8, Clause 1 of the United StatesConstitution bestows upon Congress the authority ``to pay theDebts and provide for the common Defence and general Welfareof the United States.''Congress is within its constitutionally prescribed role todirect payment of the nation's obligations. The ability toprioritize existing expenditures is subsumed under theauthority to pay debts.[Page H924]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-02-15T15:03:35Z 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. 112 568 HR 2011-02-09 Referred to the House Committee on Ways and Means. Related bill CRS 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. 112 259 S 2011-02-02 Read twice and referred to the Committee on Finance. Related bill CRS 2011-02-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-02-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-02-15 Introduced in House IntroReferral 1000 9 Library of Congress S001188 Rep. Stutzman, Marlin A. [R-IN-3] Marlin Stutzman R IN A. 3 N Economics and Public Finance Budget deficits and national debt Defense spending Social security and elderly assistance Economics and Public Finance

00 2011-02-15 Introduced in House 2011-02-23T17:21:42Z 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, 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, and the authority to make any payments, or expend or obligate any funds, under any law administered by the Secretary of Defense (DOD), the Administrator for Nuclear Security, or any other administering Armed Forces Secretary, shall take priority over all other obligations incurred by the government.

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To require that the Government give priority to payment of all obligations on the debt held by the public, payment of Social Security benefits, and military funding in the event that the debt limit is reached. Display Title To require that the Government give priority to payment of all obligations on the debt held by the public, payment of Social Security benefits, and military funding in the event that the debt limit is reached. Official Title as Introduced To require that the Government give priority to payment of all obligations on the debt held by the public, payment of Social Security benefits, and military funding in the event that the debt limit is reached. Introduced in House IH Introduced in House 2011-02-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr728ih/xml/BILLS-112hr728ih.xml 2011-02-15 Referred to the House Committee on Ways and Means. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.