S. 1569: Default Prevention Act of 2013

113th Congress · introduced 2013-10-08 · Economics and Public Finance · Latest: Motion to proceed to consideration of measure made in Senate. (consideration: CR S7503-7531)

federal

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Where it came from: introduced 2013-10-08 · official record
Who proposed it: Sen. Reid, Harry [D-NV] · what a sponsor is
What happened next: 1 recorded vote in our records. Latest: Senate vote 216 (2013): On Cloture on the Motion to Proceed, S1569 (2013-10-12), Cloture on the Motion to Proceed Rejected. See all
Where it stands now: Motion to proceed to consideration of measure made in Senate. (consideration: CR S7503-7531) Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Default Prevention Act of 2013

Plain summary

Default Prevention Act of 2013 - Amends the No Budget, No Pay Act of 2013 (P.L. 113-3) to suspend the public debt limit through December 31, 2014. Revises the special rule relating to obligations issued during the suspension period to provide for an increase in the debt limit, effective January 1, 2015, to the extent that: (1) the face amount of obligations issued and the face amount of obligations whose principal and interest are guaranteed by the federal government (except guaranteed obligations held by the Secretary of the Treasury) outstanding on January 1, 2015, exceeds (2) the face amount of such obligations outstanding on the date of enactment of this Act. Prohibits an obligation from being taken into account unless its issuance was necessary to fund a commitment incurred by the federal government that required payment before January 1, 2015.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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A “Nay” vote

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What does this mean? (plain words)

Official text

Default Prevention Act of 2013

Source: Congressional Research Service summary (Introduced in Senate)

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Officials and money

Sponsor: Sen. Reid, Harry [D-NV] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Recorded votes

Senate vote 216 (2013): On Cloture on the Motion to Proceed, S1569 (2013-10-12): Cloture on the Motion to Proceed Rejected

Words on this page, explained (2)

Obligation: A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-113s1569.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/113/s>

Record fed-us-cong113-s1569 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113