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H.R. 421 · 112th Congress · 2011–2012

Full Faith and Credit Act

H.R. 421 in the 112th Congress (2011–2012) was introduced on Jan 25, 2011, sponsored by Tom McClintock with 101 co-sponsors.

During the 112th Congress (2011–2012), Barack Obama was president, and Republicans held the House majority and Democrats the Senate majority.

Status
Introduced
Introduced
Jan 25, 2011
Co-sponsors
101
Policy area
Economics and Public Finance

What it does

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.

Summary by the nonpartisan Congressional Research Service.

Sponsor

Tom McClintock (R-CA). Co-sponsors: 101 Republicans.

Where it stands

  • IntroducedJan 25, 2011
  • Passed the House—
  • Passed the Senate—
  • Sent to the President—
  • Became law—

Latest action: Referred to the House Committee on Ways and Means. (Jan 25, 2011)

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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. 421 (112th Congress): Full Faith and Credit Act,” https://www.capitolreceipts.com/bill/112-hr-421/full-faith-and-credit-act (accessed 2026-10-17).