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Requires the government to make payments to investors, like foreign countries and financial companies, before all other areas of the budget if the statutory debt limit is ever surpassed.
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1/25/2011--Introduced.Full Faith and Credit Act - Requires the authority of the Department of the Treasury to pay the principal and interest on debt held by the public to take priority over all other obligations incurred by the government in the event the federal debt reaches the statutory limit.