,,iii #aac? ,,congress #a/ ,session ,s4 ,,res4 #bae ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,augu/ #a1 #bjac ,mr4 ,kirk 7= himself1 ,ms4 ,ayotte1 ,mr4 ,b>rasso1 ,mr4 ,coats1 ,mr4 ,crapo1 ,mr4 ,johnson ( ,wiscons91 ,mr4 ,rubio1 & ,mr4 ,%elby7 submitt$ ! foll[+ resolution2 :i* 0 ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,,resolution ,express+ ! s5se ( ! ,s5ate t ! ,f$]al ,gov]nm5t %\ld n bail out any ,/ate4 ,:]eas e ,/ate 9 ! ,unit$ ,/ates is a sov]eign entity ) a con/itution & ! au?ority to issue sov]eign debt2 ,:]eas ! legislature ( e ,/ate 9 ! ,unit$ ,/ates has ! au?ority to r$uce sp5d+ or raise taxes to pay ! obligations ow$ by ! ,/ate2 ,:]eas (ficials 9 e ,/ate 9 ! ,unit$ ,/ates h ! legal obligation to fully disclose ! f9ancial condition ( ! ,/ate to inve/ors :o pur*ase ! debt ( ! ,/ate2 ,:]eas ,congress has reject$ prior reque/s f cr$itors ( a ,/ate = paym5t ( ! default$ debt ( a ,/ate2 & ,:]eas1 dur+ ! f9ancial crisis 9 #ahdb1 ! ,s5ate reque/$ t ! ,secret>y ( ! ,treasury report any negotiations ) cr$itors ( a ,/ate to assume or gu>anty any debt ( a ,/ate1 to ensure t promises ( ,f$]al ,gov]nm5t support 7 n pr(f]$3 ,n[1 !re=e1 be x ,t-- 7#a7 ! ,f$]al ,gov]nm5t %\ld take no action to r$eem1 assume1 or gu>antee any debt ( a ,/ate2 & 7#b7 ! ,secret>y ( ! ,treasury %\ld report to ,congress any negotiations to engage 9 actions t w\ld result 9 an outlay ( ,f$]al funds on behalf ( cr$itors ( a ,/ate4