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H.R. 421House112th Congress (2011-2013)In Committee

Full Faith and Credit Act

Sponsored by Tom McClintockRep. Tom McClintock (R-CA)
Introduced January 25, 2011

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HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

January 25, 2011

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HouseIntro Referral

Introduced in House

January 25, 2011

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

January 25, 2011

Floor Debate

1 member

What members said about H.R. 421 on the floor

1 Democrat
Marcia L. Fudge
Rep. Marcia L. FudgeD-OH-11 · Nov 15, 2011

Madam Speaker, I rise today to applaud the State of Ohio as the first State to pass legislation designating December 1 as Rosa Parks Day. House Bill 421, introduced in 2005 by then State…

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Introduced in HouseIssued January 25, 2011

I

112th CONGRESS

1st Session

H. R. 421

IN THE HOUSE OF REPRESENTATIVES

January 25, 2011

Mr. McClintock (for himself, Mr. Jordan, Ms. Foxx, Mr. Garrett, Mr. Campbell, Mr. Flores, Mr. Chaffetz, Mrs. Blackburn, Mr. Rohrabacher, Mr. Lamborn, Mr. Franks of Arizona, Mr. Schweikert, Mr. Long, Mr. Webster, Mr. Gohmert, and Mr. Flake) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

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

1.

Short title

This Act may be cited as the Full Faith and Credit Act.

2.

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.