,,ii #aac? ,,congress #a/ ,session ,s4 #df ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,janu>y #bb 7legislative day1 ,janu>y #c71 #bjac ,mr4 ,toomey 7= himself1 ,mr4 ,vitt]1 ,mr4 ,lee1 ,mr4 ,rubio1 ,mr4 ,enzi1 ,mr4 ,b>rasso1 ,mr4 ,*ambliss1 ,mr4 ,inh(e1 ,mr4 ,blunt1 ,mr4 ,johnson ( ,wiscons91 ,mr4 ,hell]1 ,mr4 ,flake1 ,mr4 ,ris*1 ,ms4 ,ayotte1 ,mr4 ,isakson1 ,mr4 ,grassley1 & ,mr4 ,cruz7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to protect ,social ,security b5efits & milit>y pay & require t ! ,unit$ ,/ates ,gov]nm5t prioritize all obligations on ! debt held by ! public 9 ! ev5t t ! debt limit is rea*$4 #a4 ,%ort title ,?is title may be cit$ z ! ,ensur+ ! ,full ,fai? & ,cr$it ( ! ,unit$ ,/ates & ,protect+ ,am]ica's ,soldi]s & ,s5iors ,act4 #b4 ,prioritize obligations on ! debt held by ! public1 ,social ,security b5efits1 & milit>y pay ,9 ! ev5t t ! debt ( ! ,unit$ ,/ates ,gov]nm5t rea*es ! /atutory limit z def9$ 9 section #caja ( title #ca1 ,unit$ ,/ates ,code1 ! foll[+ %all take equal priority ov] all o!r obligations incurr$ by ! ,gov]nm5t ( ! ,unit$ ,/ates3 7#a7 ,! au?ority ( ! ,dep>tm5t ( ! ,treasury conta9$ 9 section #cabc ( title #ca1 ,unit$ ,/ates ,code1 to pay ) legal t5d] ! pr9cipal & int]e/ on debt held by ! public4 7#b7 ,! au?ority ( ! ,commission] ( ,social ,security to pay mon?ly old-age1 survivors' & disability insurance b5efits "u title ,,ii ( ! ,social ,security ,act4 7#c7 ,! paym5t ( pay & all[ances = memb]s ( ! ,arm$ ,=ces on active duty4 #c4 ,limit$ debt limit au?ority 7a7 ,9 g5]al ,if ! ,secret>y ( ! ,treasury det]m9es1 aft] consultation ) ! ,director ( ! ,(fice ( ,managem5t & ,budget1 t incom+ rev5ue w n be suffici5t to f9ance ! priorities li/$ 9 section #b ov] ! foll[+ #b weeks1 ! ,secret>y1 9 coord9ation ) ! ,director ( ! ,(fice ( ,managem5t & ,budget1 %all-- 7#a7 notify ,congress ( ! expect$ rev5ue %ortfall2 & 7#b7 raise ! debt limit by ! am\nt necess>y to cov] ! diff]5ce betwe5 incom+ rev5ue & ! rev5ue ne$$ to f9ance ! priorities li/$ 9 section #b on a #b-week basis4 7b7 ,limit ,! debt limit increase provid$ by subsection 7a77#b7 may n exce$ ! diff]5ce betwe5 expect$ outlays = ! li/$ priorities & expect$ rev5ue4 7c7 ,excess rev5ue ,if incom+ rev5ue exce$s ! am\nt project$ by ! ,secret>y ( ! ,treasury1 9 consultation ) ! ,director ( ! ,(fice ( ,managem5t & ,budget1 ne$$ to f9ance ! priorities li/$ 9 section #b ov] ! #b-week p]iod1 any am\nt 9 excess %all be held 9 res]ve & appli$ to ! foll[+ #b-week p]iod4