S.Amdt. 112Senate112th Congress (2011-2013)

To require that the Government prioritize all obligations on the debt held by the public in the event that the debt limit is reached.

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5 earlier actions

Floor Latest Action

Roll call votes on amendments in Senate: Motion to table amendment SA 112 agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 28.

March 1, 2011

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Roll call votes on amendments in Senate: Motion to table amendment SA 112 agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 28.

March 1, 2011

Floor

Considered by Senate. (consideration: CR S1030, S1044-1046, S1050-1051; text as modified: CR S1045)

March 1, 2011

Floor

Motion to table amendment SA 112 agreed to in Senate by Yea-Nay Vote. 52 - 47. Record Vote Number: 28.

March 1, 2011

Floor

Senate amendment proposed (on the floor): Amendment SA 112 proposed by Senator Vitter for Senator Toomey.

February 28, 2011

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Senate amendment submitted

February 28, 2011

Floor

Amendment SA 112 proposed by Senator Vitter for Senator Toomey. (consideration: CR S952-953; text: CR S952) To require that the Government prioritize all obligations on the debt held by the public in the event that the debt limit is reached.

February 28, 2011

Votes

1 roll call on this amendment

SENATE

Roll Call Available

March 1, 2011 at 5:29 PM

On the Motion to Table S.Amdt. 112 to S. 23 (Patent Reform Act of 2011)

Majority required: 1/2 (50%)

Agreed

52 - 47

Text

Submitted

Modified · Mar 1, 2011 Proposed · Feb 28, 2011 Submitted · Feb 28, 2011

Formatted text PDF

SA 112. Mr. TOOMEY (for himself and Mr. Vitter) proposed an amendment
to the bill S. 23, to amend title 35, United States Code, to provide
for patent reform; as follows:

At the appropriate place, insert the following:

SEC. ___. FULL FAITH AND CREDIT ACT.

(a) Short Title.--This section may be cited as the ``Full
Faith and Credit Act''.
(b) Prioritize Obligations on the Debt Held by the
Public.--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 shall take
priority over all other obligations incurred by the
Government of the United States.
______