HR. 182In Committee
Default Prevention Act
Exempts specified federal debt and benefit payments from the debt limit and sets Treasury payment priorities and reporting requirements once the limit is reached
Plain-English overview
What this bill does
Exempts specified federal debt and benefit payments from the debt limit and sets Treasury payment priorities and reporting requirements once the limit is reached
Key points
- Require Treasury payment prioritization
- Require weekly debt reports
- Exempt protected obligations from debt limit
Current status
Where it stands
Status
In Committee
Latest action
2025-01-03 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedBudget deficits and national debtCongressional oversightDisability assistanceEconomics and Public FinanceGovernment trust fundsSocial security and elderly assistance