H.R. 692 · 114th Congress · 2015–2016
Default Prevention Act
H.R. 692 in the 114th Congress (2015–2016) has passed the house — introduced on Feb 3, 2015, sponsored by Tom McClintock with 112 co-sponsors. Congress held 1 roll call vote on it.
During the 114th Congress (2015–2016), Barack Obama was president, and Republicans held majorities in both the House and Senate.
- Status
- Passed the House
- Introduced
- Feb 3, 2015
- Co-sponsors
- 112
- Policy area
- Economics and Public Finance
What it does
Default Prevention Act (Sec. 2) 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.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Tom McClintock (R-CA). Co-sponsors: 112 Republicans.
Where it stands
- IntroducedFeb 3, 2015
- Passed the HouseOct 21, 2015
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Received in the Senate. (Oct 22, 2015)
How Congress voted
- On Passage
House · Oct 21, 2015 · Passed235–194
Every roll call vote on this bill
- Default Prevention ActHouse · Oct 21, 2015
Other Economics and Public Finance bills in the 114th Congress
- H.R. 719: Continuing Appropriations Act, 2016
- H.R. 1314: Bipartisan Budget Act of 2015
- H.R. 2250: Further Continuing Appropriations Act, 2016
- H.J.Res. 78: Making further continuing appropriations for fiscal year 2016, and for other purposes.
- H.R. 2029: Consolidated Appropriations Act, 2016
- S. 2328: PROMESA
- H.R. 5325: Continuing Appropriations and Military Construction, Veterans Affairs, and Related Agencies…
- H.R. 2028: Further Continuing and Security Assistance Appropriations Act, 2017
- H.J.Res. 55: Proposing a balanced budget amendment to the Constitution of the United States.
- H.J.Res. 83: Proposing a balanced budget amendment to the Constitution of the United States.
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 692 (114th Congress): Default Prevention Act,” https://www.capitolreceipts.com/bill/114-hr-692/default-prevention-act (accessed 2026-10-14).