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Full Faith and Credit Act - Requires the Secretary of the Treasury, in addition to any other authority provided by law, to issue obligations to pay with legal tender, and solely for the purpose of paying, the principal and interest on U.S. obligations held by the public, or held by the Old-Age and Survivors Insurance Trust Fund and Disability Insurance Trust Fund, in the event that the federal debt reaches the statutory limit after enactment of this Act.
Prohibits: (1) the use of the issued obligations to pay compensation for Members of Congress, and (2) these obligations from being taken into account in applying the current $16.394 trillion public debt limit to the extent that they would otherwise cause such limit to be exceeded.
Requires the Secretary, if such authority is exercised after enactment of this Act, to report to specified congressional committees each week the authority is in use and provide an accounting of: (1) the principal on mature obligations and interest due or accrued by the United States, and (2) any obligations issued pursuant to this Act.
Written by the nonpartisan Congressional Research Service, describing H.R. 807 as passed House amended on May 9, 2013. It is not the text of the measure; a later amendment may have changed what it does.
May 9, 2013Each bar: ✓ Yea from the bottom, ✕ Nay aboveMay 9, 2013
House May 9, 2013 · the primary vote
To require that the Government prioritize all obligations on the debt held by the public in the event that the debt limit is reached
Passed
221 Yea 207 Nay 4 not voting
Party-line vote 8 of 428 voting members broke with their own party: 8 Republicans.
DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present
432 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 807 and vote against it. 23 signed when it was filed.
Organizations that named H.R. 807 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
31 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.