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Economy

Lucas Hails Passage of H.R. 807, the Full Faith and Credit Act

May 09, 2013
Economy
Press

Washington, D.C. – Congressman Frank Lucas today hailed passage of H.R. 807, the Full Faith and Credit Act. This legislation permanently removes the threat of default on the United States Treasury debt, and it passed the House today with a 221 to 207 vote. Lucas made the following comments after passage:

“I am pleased the Full Faith and Credit Act passed the House today to help create fiscal accountability in Washington,” said Lucas. “With our current national debt standing at $16 trillion, it is important that we implement measures to prevent our country from defaulting on the debts held by the federal government and the public. I am encouraged this legislation passed to help achieve this goal. 

“Daily, Americans are working tirelessly to make sure their bills are paid, and it is time for the federal government to follow their lead and do the same. It is critical that we practice fiscal responsibility in our country to help solve the national debt crisis. I will continue to work with my colleagues in the House to provide commonsense ways to help strengthen our country’s financial future.”

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