H.R. 422 · 115th Congress · 2017–2018
Default Prevention Act
H.R. 422 in the 115th Congress (2017–2018) was introduced on Jan 10, 2017, sponsored by Tom McClintock with 89 co-sponsors.
During the 115th Congress (2017–2018), Barack Obama was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Jan 10, 2017
- Co-sponsors
- 89
- Policy area
- Economics and Public Finance
What it does
Default Prevention Act 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 must 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: 89 Republicans.
Where it stands
- IntroducedJan 10, 2017
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Jan 10, 2017)
More bills from Tom McClintock in the 115th Congress
Other Economics and Public Finance bills in the 115th Congress
- H.J.Res. 99: Making further continuing appropriations for fiscal year 2017, and for other purposes.
- H.R. 244: Consolidated Appropriations Act, 2017
- H.R. 601: Continuing Appropriations Act, 2018 and Supplemental Appropriations for Disaster Relief…
- H.R. 2266: Bankruptcy Judgeship Act of 2017
- H.J.Res. 123: Making further continuing appropriations for fiscal year 2018, and for other purposes.
- H.R. 195: Federal Register Printing Savings Act of 2017
- H.R. 1301: Continuing Appropriations Amendments Act, 2018
- H.R. 1892: Bipartisan Budget Act of 2018
- H.R. 1625: Consolidated Appropriations Act, 2018
- H.R. 5895: Energy and Water, Legislative Branch, and Military Construction and Veterans Affairs…
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. 422 (115th Congress): Default Prevention Act,” https://www.capitolreceipts.com/bill/115-hr-422/default-prevention-act (accessed 2026-10-13).