S 163 · 112th Congress · Economics and Public Finance

Full Faith and Credit Act

Introduced 2011-01-25· Sponsored by Sen. Toomey, Patrick [R-PA]· Senate

Bill Progress

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Introduced
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Committee
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Senate Vote
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House
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Enacted
Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 2.(2011-01-26)

Plain Language Summary

[AI summary unavailable — showing source text] Full Faith and Credit Act - Requires the authority of the Department of the Treasury to pay the principal and interest on debt held by the public to take priority over all other obligations incurred by the government in the event the federal debt reaches the statutory limit.…

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

Cosponsors (20)

20 Republicans
Sen. Blunt, Roy [R-MO]MO
Sen. Lee, Mike [R-UT]UT
Sen. DeMint, Jim [R-SC]SC
Sen. Barrasso, John [R-WY]WY
Sen. Johanns, Mike [R-NE]NE
Sen. Isakson, Johnny [R-GA]GA
Sen. Kirk, Mark Steven [R-IL]IL
Sen. Enzi, Michael B. [R-WY]WY
Sen. Vitter, David [R-LA]LA
Sen. Inhofe, James M. [R-OK]OK
Sen. Johnson, Ron [R-WI]WI
Sen. Paul, Rand [R-KY]KY
Sen. Ensign, John [R-NV]NV
Sen. Coburn, Tom [R-OK]OK
Sen. Chambliss, Saxby [R-GA]GA
Sen. Rubio, Marco [R-FL]FL
Sen. Risch, James E. [R-ID]ID
Sen. Graham, Lindsey [R-SC]SC
Sen. Coats, Daniel [R-IN]IN
Sen. Cornyn, John [R-TX]TX