Summary

1/14/2013--Introduced.Ensuring the Full Faith and Credit of the United States and Protecting America's Soldiers and Seniors Act - Requires the following to take equal priority over all other... Read More

Status

This bill was introduced on Jan 14, 2013, in a previous session of Congress, but was not passed.

Bill Text

A BILL

To require that the United States Government prioritize all obligations on the debt held by the public, Social Security benefits, and military pay in the event that the debt limit is reached, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Ensuring the Full Faith and Credit of the United States and Protecting America's Soldiers and Seniors Act''.

SEC. 2. FINDINGS.

Congress finds the following: (1) The Secretary of the Treasury is legally required to carry out the obligations set forth in Public Law 104-121. (2) The debt obligations held by the Social Security trust fund may only be redeemed in order to pay Social Security benefits and necessary administrative expenses. (3) So long as there is a positive balance of assets in the Social Security trust fund, an appropriate amount of obligations may be converted into an equal amount of publicly held debt in order to finance the full and timely payment of all Social Security obligations without exceeding the debt ceiling.

SEC. 3. PRIORITIZE OBLIGATIONS ON THE DEBT HELD BY THE PUBLIC, SOCIAL SECURITY BENEFITS, AND MILITARY PAY.

In the event that the debt of the United States Government reaches the statutory limit as defined in section 3101 of title 31, United States Code, the following shall take equal priority over all other obligations incurred by the Government of the United States: (1)...

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Sentiment Map

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Nation

458 Supporting
32 Opposing
93% 7%

State: CA

21 Supporting
3 Opposing
88% 13%

District: 1st

1 Supporting
0 Opposing
100% 0%

Popularity Trend

Organizations Supporting

No organizations supporting yet.

Organizations Opposing

No organizations opposing yet.

Users Supporting

I support H.R. 247 ("Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and") because Congress and the Executive need to stop using the military, real public servants, and seniors as pawns.

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NC
4
windskisong
NC-4
2 years ago

I support H.R. 247 ("Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and") because...I support this. I, personally, wish it included military retirees and those of us receiving VA disability payments. Without these I can't feed my family or pay my bills (which include a mortgage), electric, etc.

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AZ
1
garylob
AZ-1
2 years ago

I support H.R. 247 ("Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and") because...the only people who should not get a paycheck is the U.S. government Representatives because it looks to me that all of you aren't doing your jobs. And our President needs to reimburse the tax payers for vacations that we can't afford. That is how we make a budget in our house. We haven't had a vacation (camping) in 3 years.

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TX
28
626zelda
TX-28
2 years ago

I support H.R. 247 ("Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and") because...If a government shutdown should happen they MUST first hold to their most important function, the defense of our country and those who do it! Allowing the POTUS to say that the military and the seniors of this country's obligation is in jeopardy is BS. Obama knows that he must pay those who are defending America, and those who paid into Social Security! Lying and scare tactics don't work!

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KY
5
Thunder7
KY-5
2 years ago

I support H.R. 247 ("Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and") because...prioritization is necessary for proper budget management and we cannot pull the rug out from under seniors. Too many seniors are living on the edge, having to decide whether to eat or buy their medications.

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NJ
5
Rappunzell
NJ-5
2 years ago

I support H.R. 247 ("Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and") because... Our Military and Senior Citizens deserve that much.

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MI
10
MCVXIII
MI-10
2 years ago

Users Opposing

I oppose H.R. 247 ("Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and") because... I would have supported this bill outright - until I read the last line of the summary "for other purposes".

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VA
1
VaMinuteman
VA-1
2 years ago

I oppose H.R. 247 ("Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and") because...I am a seniou and retired US Army officer. My son is a USAF officer and my nephews are retired Navy. Make no mistake, I am very pro-military. But we can take care of ourselves. I do not need a safety net to protect me from the stupidity of the Administation and Congress. Those who do not walk the tight rope have no need of a net below. This bill looks like an excuse to send us deeper in debt and closer to national ruin. Balance the budget, stop taxing us to death and let us take care of ourselves. We do not need bigger government anway. Support our military to keep us strong and free and let us do what we do best - thrive and grow on our own. Hands OFF Washington! I am so sad to see how many of my countymen are buying into the lies and supporting bills like this.

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TX
32
bornaviator
TX-32
2 years ago

I oppose H.R. 247 ("Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and") because the military is too large and the problem eith the budget.

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PA
16
Flash1022
PA-16
2 years ago

I oppose H.R. 247 ("Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and") because...I think there is pork in this bill. I'm in favor or prioritizing spending with what money we have and protecting social security but we need to cut military spending now. This is a good time to start.

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TX
2
JoeMoyle
TX-2
2 years ago

I oppose H.R. 247 ("Ensuring the Full Faith and Credit of the United States and Protecting America’s Soldiers and") because waste of time writing another bill that future congresses and executive branches won't follow anyway. Also the priority to pay debt first is wrong and further fuels the governments wasteful spend first and borrow latter mindset. Balance the budget!

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SC
2
reefmarker
SC-2
2 years ago

I oppose H.R. 247 ("To require that the United States Government prioritize all obligations on the debt held by") because...This legislation should not be necessary if congress was doing their job.

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CA
28
JKisha
CA-28
2 years ago

Bill Summary

1/14/2013--Introduced.Ensuring the Full Faith and Credit of the United States and Protecting America's Soldiers and Seniors Act - Requires the following to take equal priority over all other federally incurred obligations in the event that the public debt reaches the statutory limit: (1) the authority of the Department of the Treasury to pay with legal tender the principal and interest on debt held by the public; (2) the authority of the Commissioner of Social Security to pay monthly Old Age, Survivors and Disability Insurance benefits under title II of the Social Security Act; and (3) the payment of pay and allowances for members of the Armed Forces on active duty.

H.R. 246The Rate of Average Time Execution Act (RATE Act) H.R. 248The Presidential Allowance Modernization Act
54.157.198.18