S-1569 : Still Just a Bill

Default Prevention Act of 2013 - Amends the No Budget, No Pay Act of 2013 (P.L. 113-3) to suspend the public debt limit through December 31, 2014.

Revises the special rule relating to obligations issued during the suspension period to provide for an increase in the debt limit, effective January 1, 2015, to the extent that: (1) the face amount of obligations issued and the face amount of obligations whose principal and interest are guaranteed by the federal government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on January 1, 2015, exceeds (2) the face amount of such obligations outstanding on the date of enactment of this Act.

Prohibits an obligation from being taken into account unless its issuance was necessary to fund a commitment incurred by the federal government that required payment before January 1, 2015.

Action Timeline

Action DateTypeTextSource
2013-10-16FloorMotion to proceed to consideration of measure made in Senate. (consideration: CR S7503-7531)Senate
2013-10-15FloorMotion to proceed to consideration of measure made in Senate. (consideration: CR S7475-7485, S7485-7499)Senate
2013-10-14FloorMotion to proceed to consideration of measure made in Senate. (consideration: CR S7455-7471)Senate
2013-10-13FloorMotion to proceed to consideration of measure made in Senate. (consideration: CR S7433-7454)Senate
2013-10-12FloorMotion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Record Vote no. 216) entered in Senate. (consideration: CR S7425-7426)Senate
2013-10-12VoteCloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 53 - 45. Record Vote Number: 216. (consideration: CR S7419-7426, S7427-7430; text: CR S7425)Senate
2013-10-12FloorMotion to proceed to consideration of measure made in Senate. (consideration: CR S7455-7471)Senate
2013-10-11FloorMotion to proceed to consideration of measure made in Senate. (consideration: CR S7389-7390, S7390-7391; text: CR S7389)Senate
2013-10-10FloorCloture motion on the motion to proceed to the measure presented in Senate. (consideration: CR S7384-7385; text: CR S7385)Senate
2013-10-10FloorMotion to proceed to consideration of measure made in Senate. (consideration: CR S7357, S7371-7385)Senate
2013-10-09CalendarsRead the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 211.Senate
2013-10-08CalendarsIntroduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S7308)Senate
2013-10-08IntroReferralIntroduced in SenateLibrary of Congress

Sponsor :

Harry Reid [D] (NV)
See Cosponsors

Policy Area :

Economics and Public Finance
See Subjects
  • Budget deficits and national debt

Related Bills

See Related Bills