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.

3.0.0 69 2023-01-11T13:28:46Z 2023-01-11T13:28:46Z Senate S 2015-01-07 114 ssfi00 Finance Committee Senate Standing Referred to 2015-01-07T21:02:26Z 2015-01-07 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2015-01-07 Introduced in Senate IntroReferral 10000 9 Library of Congress V000127 Sen. Vitter, David [R-LA] David Vitter R LA N Economics and Public Finance Budget deficits and national debt Securities Social security and elderly assistance Economics and Public Finance

00 2015-01-07 Introduced in Senate 2015-01-21T17:53:47Z 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.

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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. Display Title 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. Official Title as Introduced 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. Introduced in Senate IS Introduced in Senate 2015-01-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s69is/xml/BILLS-114s69is.xml 2015-01-07 Read twice and referred to the Committee on Finance. 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.