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Washington, DC –  U.S. Representative Brian Babin (TX-36) voted today to pass the Default Prevention Act (H.R. 692), legislation he has cosponsored to instruct the U.S. Treasury to meet certain pressing financial commitments should the federal debt limit be reached. 

“By prioritizing our financial obligations, the Default Prevention Act will take away the threat of a default and ensure Social Security benefits are paid in full and on time regardless of the outcome of the debt ceiling debate,” said Rep. Babin. “This will provide much-needed certainty to seniors and make sure the focus remains on the real issue at hand, which is addressing Washington’s out-of-control spending problem.  

"With a $19 trillion national debt, we simply cannot afford to provide this Administration with another blank check to go on another spending spree.  It’s absolutely critical that we use this opportunity to pass meaningful reforms that cut wasteful spending and put America back on a sustainable fiscal path.”

Specifically, H.R. 692 takes three important steps:

• Guarantees that Social Security benefits continue to be paid to seniors;
• Ensures that the principle and interest on the national debt is paid so that there is no default; and
• Prohibits Members of Congress from being paid until the debt limit is resolved.