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HR 19 Prioritize Spending Act of 2015
Topic Started: 14 Jul 2013, 08:53 PM (380 Views)
Joe Swartz
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48 Hours. Vote

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Mr. BREWER of MINNESOTA for himself, Mr. CALLAGHAN, Mr. DURAN, Mr. KENSINGTON, Mr. FOIX, Ms. WALKER, Mr. TALBOT , Mr. HINN, Ms. ROXAS from the HOUSE, Mr. LUKE and Mr. WILLIAMS from the SENATE, and others, with thanks to Mr. WEBSTER of FLORIDA, offers:


A BILL



To specify the priority of the obligations of the United States Government if the debt ceiling is reached.

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

SECTION I SHORT TITLE.
This Act may be cited as the ‘Prioritize Spending Act of 2015’.

SECTION II PRIORITY OF PAYMENTS IF THE DEBT CEILING IS REACHED.
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, amounts necessary for obligations incurred by the Government of the United States shall be made available to the following obligations before all other obligations and shall be made available as prioritized in the following order (with items listed in descending order of prioritization):

(1) Amounts necessary to carry out 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.

(2) Such amounts as the Secretary of Defense (and the Secretary of Homeland Security in the case of the Coast Guard) determines to be necessary to continue to provide pay and allowances (without interruption) to members of the Army, Navy, Air Force, Marine Corps, and Coast Guard, including reserve components thereof, who perform active service.

(3) Such amounts as the President certifies to the Congress are necessary to carry out vital national security priorities.

(4) Amounts necessary to carry out 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.

(5) Amounts necessary to make payments under the Medicare program under title XVIII of the Social Security Act.

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PES

A bill to specify the amount of federal payments made in the event that the debt ceiling is reached, in descending order of prioritization: the Treasury Department, the Department of Defense, national security provisions, title II of the Social Security Act, and title XVIII of the Social Security Act.
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Abomination
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Aye
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tal
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Old Man In The Mountain
Aye.
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Shiggy

AYE
Edited by Shiggy, 14 Jul 2013, 09:37 PM.
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Bui
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Homesick
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George Turfway
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aye
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Landry
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Winter is Coming to the Red States
Nay
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Anthony Rifenburg
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A Personal Campaign Machine - The Frank Underwood of VUSA
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Starnes
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Warden of the North
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#Swaggy
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Joe Swartz
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Chair votes AYE
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Knightley
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AYE
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Tilsley
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I'm Kind Of A Big Deal
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Elizabeth Walker
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I'm the DNC's reckoning
AYE.
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Brewer
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The GOP's Favorite Leech
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EgeDoruk
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Present
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Patrick Callaghan
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New England Republican >:D
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FairBol
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American Patriot, & DJ
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Edward Kensington
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Aye.
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Oscar A. Johnson
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Mav'rick Tea Party-er
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