To require that the Government give equal priority to payment of social security benefits and payment of all obligations on the debt held by the public in the event that the debt limit is reached.

1. Inserts new text wherever appropriate

   Inserts

   Inserted: (c) Prioritize Payment of Social Security Benefits.--Notwithstanding subsection (b), in the event that the debt of the United States Government, as so defined, reaches the statutory limit, the authority described in subsection (b) 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 be given equal priority over all other obligations incurred by the Government of the United States.

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place add the following:

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As printed