Default Prevention Act

HR 182, the Default Prevention Act, establishes a priority system for paying U.S. government obligations when the national debt limit is reached. It requires the Treasury to first pay Tier I obligations (including Social Security, Medicare, and interest on public debt), then Tier II (defense and veterans benefits), followed by Tier III, Tier IV (federal employee pay and travel expenses), and finally Tier V (Congressional salaries), only if higher-tier payments can still be fully covered. The bill mandates weekly reports to Congress detailing payments made and unpaid across each tier. This directly affects beneficiaries of Social Security/Medicare, veterans, defense programs, federal employees, and Congress by defining which payments must be prioritized during a debt limit crisis.