,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #bdg  ,,in ,,the ,,house ,,of   
,,representatives  ,january #ad1 #bjac  
,mr4 ,schweikert introduced the         
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to require that the ,united    
,states ,government prioritize all      
obligations on the debt held by the     
public1 ,social ,security benefits1 and 
military pay in the event that the debt 
limit is reached1 and for other         
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,ensuring the ,full 
,faith and ,credit of the ,united       
,states and ,protecting ,america's      
,soldiers and ,seniors ,act4  #b4       
,findings ,congress finds the following3
  7#a7 ,the ,secretary of the ,treasury 
is legally required to carry out the    
obligations set forth in ,public ,law   
#ajd-aba4  7#b7 ,the debt obligations   
held by the ,social ,security trust fund
 may only be redeemed in order to pay   
,social ,security benefits and necessary

 administrative expenses4  7#c7 ,so long
 as there is a positive balance of      
assets in the ,social ,security trust   
fund1 an appropriate amount of          
obligations may be converted into an    
equal amount of publicly held debt in   
order to finance the full and timely    
payment of all ,social ,security        
obligations without exceeding the debt  
ceiling4  #c4 ,prioritize obligations on
 the debt held by the public1 ,social   
,security benefits1 and military pay ,in
 the event that the debt of the ,united 
,states ,government reaches the         
statutory limit as defined in section   
#caja of title #ca1 ,united ,states     
,code1 the following shall take equal   
priority over all other obligations     
incurred by the ,government of the      
,united ,states3  7#a7 ,the authority of
 the ,department of the ,treasury       
contained in section #cabc of title #ca1
 ,united ,states ,code1 to pay with     
legal tender the principal and interest 
on debt held by the public4  7#b7 ,the  

authority of the ,commissioner of       
,social ,security to pay monthly        
old-age1 survivors' and disability      
insurance benefits under title ,,ii of  
the ,social ,security ,act4  7#c7 ,the  
payment of pay and allowances for       
members of the ,armed ,forces on active 
duty4