Default Prevention Act
Sponsor: Tom McClintock (R-CA)
(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.
Economics and Public Finance Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 1.3% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 235 | 53.9% |
| Nay | Lost | 194 | 44.7% |
| Not represented on this question | No position taken | 0 | 1.3% |