HCONRES 68 · 112th Congress · Economics and Public Finance

Expressing the sense of Congress that the President should ensure that the United States does not default on its debt by making every effort to negotiate passage of an increase in the statutory debt ceiling or, all such efforts failing, should use his authority under section 4 of the 14th Amendment to the United States Constitution to pay all debts of the United States as they come due.

Introduced 2011-07-30· Sponsored by Rep. Nadler, Jerrold [D-NY-8]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2011-07-30)

Plain Language Summary

[AI summary unavailable — showing source text] Expresses the sense of Congress that the President should: (1) work with Congress to secure passage of an increase in the statutory debt ceiling; (2) make clear that under no circumstances will the United States fail to pay its debts on time and in full; (3) make clear that, all other efforts failing, he will use his authority under the 14th Amendment to the Constitution to ensure payment of all federal debts on time and in full; and (4) take any and all actions necessary to preserve the full faith and credit of the United States.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (5)

5 Democrats