H.R. 692Default Prevention Act

1 recorded action125 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Tom McClintock [R-CA-04]
Cosponsors: 112 · 112 Republicans
Policy area: Economics and Public Finance
Committee: Ways and Means Committee
Latest action: Oct 22, 2015 · Received in the Senate.

IntroducedFeb 3, 2015
Passed the HouseOct 21, 2015
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

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. The bill prohibits Treasury from using obligations issued under this bill to compensate Members of Congress.

If Treasury exercises authority provided by this bill, a report must be submitted to Congress including an accounting of: (1) the principal on mature obligations and interest that is due or accrued, and (2) obligations issued under this bill.

Written by the nonpartisan Congressional Research Service, describing H.R. 692 as passed House without amendment on Oct 21, 2015. It is not the text of the measure; a later amendment may have changed what it does.

How every member votedHouse roll call 557

House Oct 21, 2015

On Passage

Default Prevention Act

Passed

235 Yea 194 Nay 5 not voting

Party-line vote 9 of 429 voting members broke with their own party: 9 Republicans.

Open the official roll call

How the chamber split

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DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members434 members

Democratic188 members

Republican246 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors112 · 112 Republicans

Signing on is not a vote: a member can cosponsor H.R. 692 and vote against it. 43 signed when it was filed.

Loading the public record

H.R. 692Default Prevention Act

What the measure doesCRS summary

How every member votedHouse roll call 557

On Passage

How the chamber split

Cosponsors112 · 112 Republicans

H.R. 692Default Prevention Act

What the measure doesCRS summary

How every member votedHouse roll call 557

On Passage

How the chamber split

Cosponsors112 · 112 Republicans

Who lobbied on H.R. 6922 organizations

Who lobbied on H.R. 6922 organizations