Summary

1/15/2013--Introduced.Full Faith and Credit Act of 2013 - Repeals public debt limit requirements. Limits the issuance of obligations for the public debt only to fund commitments incurred by... Read More

Status

This bill was introduced on Jan 15, 2013, in a previous session of Congress, but was not passed.

Bill Text

A BILL

To amend title 31, United States Code, to eliminate the statutory cap on the public debt and to place limitations on the purposes for which public debt may be issued.

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 ``Full Faith and Credit Act of 2013''.

SEC. 2. LIMITATION ON OBLIGATIONS.

(a) In General.--Section 3101 of title 31, United States Code, is amended to read as follows: ``Sec. 3101. Limitation on obligations ``Obligations may only be issued under this chapter to fund commitments incurred by the Federal Government that require current funding.''. (b) Conforming Amendments.-- (1) Section 3130(e)(2) of title 31, United States Code, is amended by inserting ``, as in effect on the day before the date of the enactment of the Full Faith and Credit Act of 2011'' before the period at the end. (2) The table of contents for chapter 31 of title 31, United States Code, is amended by amending the item relating to section 3101 to read as follows:

``3101. Limitation on obligations.''. <all>

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Sentiment Map

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Nation

13 Supporting
159 Opposing
8% 92%

State: CA

1 Supporting
7 Opposing
13% 88%

District: 1st

0 Supporting
0 Opposing
0% 0%

Popularity Trend

Organizations Supporting

No organizations supporting yet.

Organizations Opposing

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Users Supporting

No constiutents supporting yet.

Users Opposing

I oppose H.R. 290: Full Faith and Credit Act of 2013 because... no more debt

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MS
1
CloudedVision
MS-1
1 year ago

I oppose H.R. 290: Full Faith and Credit Act of 2013 because...I want no more additional spending approved. What I want is for you to commit to a plan to significantally reduce spending and for you to support and stick to enforcement of spending cuts.

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NC
12
rich1192
NC-12
2 years ago

I oppose H.R. 290: Full Faith and Credit Act of 2013 because...you must stop running up debts before you find out if you already have the money to pay the bills. I learned in grade school not to rob Peter to pay Paul. Congress is killing the goose that laid the golden egg.

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IL
11
IHAPs
IL-11
2 years ago

I oppose H.R. 290: Full Faith and Credit Act of 2013 because we do not have a tax problem we have a spending problem.

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FL
3
WadeSmith
FL-3
2 years ago

I oppose H.R. 290: Full Faith and Credit Act of 2013 because... Because I'm tired of every Bill, or so it seems, that have been put in as of late, have either ment we SPEND more money that we DONT HAVE (because they've already spent it all), or it's designed to strip liberties away from the common-class citizen. Whats going on with my Government? How about introducing a Bill that would require ALL levels of Government, from the Battlefield to the Whitehouse, and everything in-between, to very proactively monitor where the money goes? Does anyone in the Congress, the Senate, or the Executive Cabinet have any clue, what-so-ever, where our money is going? Until there is a CLEAR idea, our lawmakers have NO RIGHT to extort even more out of their people!

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GA
12
PrideInFamily
GA-12
2 years ago

I oppose H.R. 290: Full Faith and Credit Act of 2013 because... Whoever makes up the titles to bills like this must be insanely devious, counting on people not to read the text of the bill! This is just another debt producing bunch of nonsense. The constituents of the guy who introduced this bill should replace him in the next election.

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TN
6
dsarti1
TN-6
2 years ago

Bill Summary

1/15/2013--Introduced.Full Faith and Credit Act of 2013 - Repeals public debt limit requirements. Limits the issuance of obligations for the public debt only to fund commitments incurred by the federal government that require current funding. (Thus eliminates the statutory cap on the public debt.)

H.R. 289 Value Our Time Elections Act H.R. 291Black Hills Cemetery Act
184.73.90.167