- Not enactedThe President has not signed this bill
- The senate has not voted
- The house Passed October 21st, 2015Roll Call Vote 235 Yea / 194 Nay
Committee on Ways and MeansIntroducedFebruary 3rd, 2015
- house Committees
Failing to service the national debt and defaulting could trigger a debt spiral that damages the entire U.S. economy. Reneging on Social Security would harm vulnerable populations. This bill will prevent this kind of disaster.
This bill lowers expectations by planning for Congress to fail to raise the debt limit. Lawmakers should focus on on a solution rather than preparing a backup plan in case they fail to do what they need to.