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House Passes Bill to Eliminate Threat of Default

October 21, 2015

WASHINGTON, DC — Today, House Ways and Means Chairman Paul Ryan (R-WI) issued the following statement after the House passed H.R. 692, the Default Prevention Act.

“With this bill, we’ve taken default off the table. We know full well the consequences of missing a debt payment. That’s precisely why we’ve passed this bill: to make sure it never happens. This legislation is simply commonsense, and I urge the Senate to send it to the president’s desk.”