HB187: Default Prevention Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To ensure the payment of interest and principal of the debt of the United States.
Plain-language summary
This bill, introduced by five House members, aims to ensure the United States pays interest and principal on its debt. The bill addresses concerns about potential default, which occurs when a government cannot pay money it owes. Currently, the bill has been introduced in the House but has not yet been assigned to a for review. The bill's specific mechanics and implementation details would determine how it accomplishes this goal.
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HB187: Default Prevention Act
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Sponsors
Tom McClintock
Primary SponsorCo-sponsors (4)
Jeff Duncan
Glenn Grothman
Matt Gaetz
Debbie Lesko