I 112th CONGRESS 1st Session H. R. 728 IN THE HOUSE OF REPRESENTATIVES February 15, 2011 Mr. Stutzman introduced the following bill; which was referred to the Committee on Ways and Means A BILL 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.

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Prioritize obligations on the debt held by the public, payment of social security benefits, and military funding

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, the authority of the Department of the Treasury provided in section 3123 of title 31, United States Code, 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, the Administrator for Nuclear Security, or any other administering Secretary under title 10, United States Code, shall take priority over all other obligations incurred by the Government of the United States.