Protect Spending Priorities Act

Summary

Protect Spending Priorities Act - Requires amounts necessary for incurred federal obligations, in the event that the public debt reaches the statutory limit, to be made available to certain obligations, in prioritized order, before all other obligations. Prioritizes such obligations in the following descending order: (1) amounts necessary to carry out the authority of the Department of the Treasury to pay with legal tender the principal and interest on public debt; (2) amounts determined by the Secretary of Defense (DOD) (and the Secretary of Homeland Security [DHS] in the case of the Coast Guard) 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 their reserve components, who perform active service; (3) amounts necessary for the Commissioner of Social Security to pay monthly old-age, survivors', and disability insurance benefits under title II of the Social Security Act (SSA); (4) amounts necessary for the Secretary of Veterans Affairs (VA) to pay compensation related to a veteran's service-connected disability or death; (5) amounts certified to Congress by the President as necessary to carry out vital national security priorities; (6) amounts necessary to make payments under the Medicare program under SSA title XVIII; and (7) sability or death; (5) amounts certified to Congress by the President as necessary to carry out government functions necessary for protecting public health and public safety.

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Timeline

1. 21 July 2011

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 21 July 2011

   Introduced

   Introduced in House

   Source: IntroReferral

3. 21 July 2011

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 21 July 2011 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 July 2011

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 July 2011

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 July 2011

  Open at official source

Sponsors

• Rep. Latham, Tom [R-IA-3] · R · Sponsor
• Rep. Heck, Joseph J. [R-NV-3] · R · Cosponsor
• Rep. Gingrey, Phil [R-GA-11] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Prioritize Spending Act of 2011