Summary: S.163 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for S.163. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (01/25/2011)

Full Faith and Credit Act - Requires the authority of the Department of the Treasury to pay the principal and interest on debt held by the public to take priority over all other obligations incurred by the government in the event the federal debt reaches the statutory limit.