[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 165 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 165

    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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 2015

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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 2. PRIORITY OF SPENDING IF THE DEBT CEILING IS REACHED.

    Not later than 30 days after the date of the 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.
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