Daniel B. Maffei: “In its current form, I am. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as…”

“In its current form, I am. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Mr. Maffei moves to recommit the bill H.R. 807 to the Committee on Ways and Means with instructions to report the same back to the House forthwith with the following amendment: Add at the end the following new section: SEC. 3. PROHIBITION ON DEFAULT THAT PAYS CHINA FIRST INSTEAD OF PROTECTING AMERICA'S SENIORS, VETERANS, AND THOSE HARMED BY NATURAL DISASTERS. This Act shall not take effect if it would result in the United States Government defaulting on its legal obligations for the first time in its history, as evidenced by the Secretary of the Treasury taking any of the following actions: (1) Making payments of debt obligations to foreign bond holders, including those in China, Iran, and the Cayman Islands, before making payments of debt obligations required under chapter 31 of title 31, United States Code, for the Deposit Insurance Fund and the National Credit Union Share Insurance Fund, which insure savings for Americans. (2) Failing to make a payment of a debt obligation to the Social Security and Medicare trust funds or redeem a debt obligation held by those trust funds. (3) Failing to redeem a debt obligation held by a trust fund providing veterans benefits, including the Veterans Special Life Insurance Fund, the Veterans Reopened Insurance Fund, the Armed Forces Retirement Home Fund, and the Court of Veteran Appeals Retirement Fund.…”