United States · Bill · HR
H.R. 692 (114th)
Default Prevention Act
Introduced
3 February 2015
Last action
22 October 2015 · Introduced
Status
Received in the Senate.
Sponsors
Rep. McClintock, Tom [R-CA-5], Rep. Poe, Ted [R-TX-2], Rep. Pittenger, Robert [R-NC-9], Rep. Garrett, Scott [R-NJ-5], Rep. Duncan, John J., Jr. [R-TN-2], Rep. Fleischmann, Charles J. "Chuck" [R-TN-3], Rep. Olson, Pete [R-TX-22], Rep. Brat, Dave [R-VA-7], Rep. Yoho, Ted S. [R-FL-3], Rep. Mulvaney, Mick [R-SC-5], Rep. Pearce, Stevan [R-NM-2], Rep. Black, Diane [R-TN-6], Rep. Duncan, Jeff [R-SC-3], Sen. Blackburn, Marsha [R-TN], Rep. DeSantis, Ron [R-FL-6], Rep. Roe, David P. [R-TN-1], Rep. Chabot, Steve [R-OH-1], Rep. Rothfus, Keith J. [R-PA-12], Rep. Brady, Kevin [R-TX-8], Sen. Cramer, Kevin [R-ND], Rep. Hensarling, Jeb [R-TX-5], Rep. Lamborn, Doug [R-CO-5], Rep. Gibbs, Bob [R-OH-7], Rep. Westerman, Bruce [R-AR-4], Rep. Ellmers, Renee L. [R-NC-2], Rep. Blum, Rod [R-IA-1], Rep. Woodall, Rob [R-GA-7], Rep. LaMalfa, Doug [R-CA-1], Rep. Wilson, Joe [R-SC-2], Rep. Fleming, John [R-LA-4], Rep. Brooks, Mo [R-AL-5], Rep. Scott, Austin [R-GA-8], Rep. Franks, Trent [R-AZ-8], Rep. Wittman, Robert J. [R-VA-1], Rep. Barr, Andy [R-KY-6], Rep. Loudermilk, Barry [R-GA-11], Rep. Rouzer, David [R-NC-7], Rep. Stewart, Chris [R-UT-2], Rep. Flores, Bill [R-TX-17], Rep. Yoder, Kevin [R-KS-3], Rep. Rice, Tom [R-SC-7], Rep. Nunnelee, Alan [R-MS-1], Rep. King, Steve [R-IA-4], Rep. Salmon, Matt [R-AZ-5], Rep. Forbes, J. Randy [R-VA-4], Rep. Johnson, Bill [R-OH-6], Rep. Buck, Ken [R-CO-4], Rep. Tipton, Scott R. [R-CO-3]
Subjects
Discovery layer
Source updated
7 April 2025
Summary
Default Prevention Act This bill requires the Department of the Treasury to continue to borrow to pay the principal and interest on certain obligations if the debt of the United States exceeds the statutory limit. If the debt limit is exceeded, Treasury is required to issue obligations solely for the payment of the principal and interest on debt held by the public or the Social Security trust funds. The bill prohibits Treasury from using obligations issued under this Act to compensate Members of Congress. If Treasury exercises authority provided by this Act, a report must be submitted to Congress including an accounting of: (1) the principal on mature obligations and interest that is due or accrued, and (2) obligations issued under this Act.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
3 February 2015
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
3 February 2015
Introduced
Sponsor introductory remarks on measure. (CR H708)
Source: IntroReferral
3 February 2015
Introduced
Introduced in House
Source: IntroReferral
3 February 2015
Introduced
Introduced in House
Source: IntroReferral
10 September 2015
Vote
Ordered to be Reported by the Yeas and Nays: 23 - 15.
Source: Committee
10 September 2015
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
18 September 2015
Calendars
Placed on the Union Calendar, Calendar No. 201.
Source: Calendars
18 September 2015
Reported
Reported by the Committee on Ways and Means. H. Rept. 114-265.
Source: Committee
18 September 2015
Reported
Reported by the Committee on Ways and Means. H. Rept. 114-265.
Source: Committee
20 October 2015
Reported
Rules Committee Resolution H. Res. 480 Reported to House. Resolution provides for consideration of both H.R. 10 and H.R. 692.
Source: Floor
21 October 2015
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
21 October 2015
Vote
On passage Passed by the Yeas and Nays: 235 - 194 (Roll no. 557). (text: CR H7053-7054)
Source: Floor
21 October 2015
Vote
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 235 - 194 (Roll no. 557).(text: CR H7053-7054)
Source: Floor
21 October 2015
Floor
Resolution provides for consideration of both H.R. 10 and H.R. 692.
Source: Floor
21 October 2015
Floor
The previous question was ordered pursuant to the rule. (consideration: CR H7060)
Source: Floor
21 October 2015
Floor
Considered under the provisions of rule H. Res. 480. (consideration: CR H7053-7060)
Source: Floor
21 October 2015
Passed
Rule H. Res. 480 passed House.
Source: Floor
22 October 2015
Introduced
Received in the Senate.
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Received in Senate · 22 October 2015 · Download file
- Engrossed in House · 21 October 2015 · Download file
- Reported in House · 18 September 2015 · Download file
- Introduced in House · 3 February 2015 · Download file
Documents
11 official files
Received in Senate (text)
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Leesvertaling
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Received in Senate (text)
Received in Senate · EN · 22 October 2015
Received in Senate (PDF)
Received in Senate · EN · 22 October 2015
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Engrossed in House (text)
Engrossed in House · EN · 21 October 2015
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Engrossed in House (PDF)
Engrossed in House · EN · 21 October 2015
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Passed House without amendment
summary · EN · 21 October 2015
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Reported in House (text)
Reported in House · EN · 18 September 2015
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Reported in House (PDF)
Reported in House · EN · 18 September 2015
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Reported to House without amendment
summary · EN · 18 September 2015
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Introduced in House (text)
Introduced in House · EN · 3 February 2015
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Introduced in House (PDF)
Introduced in House · EN · 3 February 2015
ViewDownloadOpen at official source
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 3 February 2015
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. McClintock, Tom [R-CA-5] · R · Sponsor
- Rep. Poe, Ted [R-TX-2] · R · Sponsor
- Rep. Pittenger, Robert [R-NC-9] · R · Sponsor
- Rep. Garrett, Scott [R-NJ-5] · R · Sponsor
- Rep. Duncan, John J., Jr. [R-TN-2] · R · Sponsor
- Rep. Fleischmann, Charles J. "Chuck" [R-TN-3] · R · Sponsor
- Rep. Olson, Pete [R-TX-22] · R · Sponsor
- Rep. Brat, Dave [R-VA-7] · R · Sponsor
- Rep. Yoho, Ted S. [R-FL-3] · R · Sponsor
- Rep. Mulvaney, Mick [R-SC-5] · R · Sponsor
- Rep. Pearce, Stevan [R-NM-2] · R · Sponsor
- Rep. Black, Diane [R-TN-6] · R · Sponsor
- Rep. Duncan, Jeff [R-SC-3] · R · Sponsor
- Sen. Blackburn, Marsha [R-TN] · R · Sponsor
- Rep. DeSantis, Ron [R-FL-6] · R · Sponsor
- Rep. Roe, David P. [R-TN-1] · R · Sponsor
- Rep. Chabot, Steve [R-OH-1] · R · Sponsor
- Rep. Rothfus, Keith J. [R-PA-12] · R · Sponsor
- Rep. Brady, Kevin [R-TX-8] · R · Sponsor
- Sen. Cramer, Kevin [R-ND] · R · Sponsor
- Rep. Hensarling, Jeb [R-TX-5] · R · Sponsor
- Rep. Lamborn, Doug [R-CO-5] · R · Sponsor
- Rep. Gibbs, Bob [R-OH-7] · R · Sponsor
- Rep. Westerman, Bruce [R-AR-4] · R · Sponsor
- Rep. Ellmers, Renee L. [R-NC-2] · R · Sponsor
- Rep. Blum, Rod [R-IA-1] · R · Sponsor
- Rep. Woodall, Rob [R-GA-7] · R · Sponsor
- Rep. LaMalfa, Doug [R-CA-1] · R · Sponsor
- Rep. Wilson, Joe [R-SC-2] · R · Sponsor
- Rep. Fleming, John [R-LA-4] · R · Sponsor
- Rep. Brooks, Mo [R-AL-5] · R · Sponsor
- Rep. Scott, Austin [R-GA-8] · R · Sponsor
- Rep. Franks, Trent [R-AZ-8] · R · Sponsor
- Rep. Wittman, Robert J. [R-VA-1] · R · Sponsor
- Rep. Barr, Andy [R-KY-6] · R · Sponsor
- Rep. Loudermilk, Barry [R-GA-11] · R · Sponsor
- Rep. Rouzer, David [R-NC-7] · R · Sponsor
- Rep. Stewart, Chris [R-UT-2] · R · Sponsor
- Rep. Flores, Bill [R-TX-17] · R · Sponsor
- Rep. Yoder, Kevin [R-KS-3] · R · Sponsor
- Rep. Rice, Tom [R-SC-7] · R · Sponsor
- Rep. Nunnelee, Alan [R-MS-1] · R · Sponsor
- Rep. King, Steve [R-IA-4] · R · Sponsor
- Rep. Salmon, Matt [R-AZ-5] · R · Sponsor
- Rep. Forbes, J. Randy [R-VA-4] · R · Cosponsor
- Rep. Johnson, Bill [R-OH-6] · R · Cosponsor
- Rep. Buck, Ken [R-CO-4] · R · Cosponsor
- Rep. Tipton, Scott R. [R-CO-3] · R · Cosponsor
Showing 48 of 114 sponsors and actors.
Related records
- related to → Default Prevention Act
- related to ← Debt Ceiling Alternative Act
- related to ← Default Prevention Act
- related to ← Providing for consideration of the bill (H.R. 10) to reauthorize the Scholarships for Opportunity and Results Act, and for other purposes, and providing for consideration of the bill (H.R. 692) to ensure the payment of interest and principal of the debt of the United States.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/114th-congress/house-bill/692
- Open data entity: https://api.congress.gov/v3/bill/114/hr/692
- us · 114-hr-692 · source updated 7 April 2025