3.0.0 82 2025-05-27T14:15:52Z 2025-05-27T14:15:52Z Senate S S 2023-01-25 118 2023-01-26 Senate Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 6. Calendars 2023-01-25 Senate Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. Calendars 2023-01-25 Introduced in Senate IntroReferral 10000 9 Library of Congress S001217 Sen. Scott, Rick [R-FL] Rick Scott R FL N J000293 Sen. Johnson, Ron [R-WI] Ron Johnson R WI 2023-01-25 True L000571 Sen. Lummis, Cynthia M. [R-WY] Cynthia Lummis R WY M. 2023-01-25 True L000577 Sen. Lee, Mike [R-UT] Mike Lee R UT 2023-01-25 True B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN 2023-01-25 True C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2023-01-25 True B001319 Sen. Britt, Katie Boyd [R-AL] Katie Britt R AL 2023-01-25 True R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2023-01-25 True B001305 Sen. Budd, Ted [R-NC] Ted Budd R NC 2023-01-25 True B001243 Sen. Blackburn, Marsha [R-TN] Marsha Blackburn R TN 2023-01-25 True B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY 2023-01-30 False P000603 Sen. Paul, Rand [R-KY] Rand Paul R KY 2023-01-31 False C001098 Sen. Cruz, Ted [R-TX] Ted Cruz R TX 2023-02-07 False S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2023-04-25 False Economics and Public Finance Budget deficits and national debt 2023-06-12T13:00:54Z Congressional oversight 2023-06-12T13:00:54Z Disability assistance 2023-06-12T13:00:54Z Medicare 2023-06-12T13:00:54Z Military personnel and dependents 2023-06-12T13:00:54Z Social security and elderly assistance 2023-06-12T13:00:54Z Veterans' medical care 2023-06-12T13:00:54Z Veterans' pensions and compensation 2023-06-12T13:00:54Z Economics and Public Finance 2023-01-30T11:30:19Z

00 2023-01-25 Introduced in Senate 2023-05-31T14:58:04Z <p><b>Full Faith and Credit Act</b></p> <p>This bill requires the Department of the Treasury to prioritize certain obligations if the federal debt limit is reached and provides for a limited increase in the debt limit to fund these priorities. </p> <p>If the federal government reaches the debt limit, the following obligations must be given equal priority over all other federal obligations:</p> <ul> <li> the principal and interest on the debt held by the public;</li> <li>Social Security benefits;</li> <li>pay and allowances for members of the Armed Forces on active duty and members of the U.S. Coast Guard;</li> <li>compensation, pensions, and payments for medical services provided by the Department of Veterans Affairs, and</li> <li>the Medicare programs.</li> </ul> <p>If the debt limit has been reached and incoming revenue will be insufficient to pay the priority obligations over an upcoming two-week period, the bill requires (1) Treasury to notify Congress of the expected revenue shortfall for the two-week period, and (2) the debt limit to be increased by the amount of the expected shortfall. </p> <p>If the incoming revenue exceeds the expected shortfall, the excess revenue must be held in reserve and applied to the following two-week period. </p>

Display Title 45 2025-01-03T08:10:28Z Short Title(s) from PCS (Placed on Senate Calendar) bill text 152 2024-07-24T15:17:44Z S Senate Placed on Calendar Senate PCS Official Title as Introduced 6 2023-01-26T05:15:26Z Placed on Calendar Senate 2023-01-26T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s82pcs/xml/BILLS-118s82pcs.xml 2023-01-26 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 6. 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.