Drug War Bond Act of 1989

Summary

Drug War Bond Act of 1989 - Directs the Secretary of the Treasury to issue: (1) Drug War Bonds for a three-year period with a 12-year maturity date; and (2) Drug War Stamps to evidence payments for or on account of such bonds. Amends the Internal Revenue Code to exclude the interest earned on such War Bonds from an individual's gross income. Authorizes a taxpayer to designate a specified portion of any tax overpayment or make cash contributions to the War on Drugs Trust Fund (established by this Act). Authorizes the Attorney General to make expenditures from the Department of Justice Assets Forfeiture Fund into the War on Drugs Trust Fund. Amends the Internal Revenue Code to establish the War on Drugs Trust Fund. Transfers to such Fund: (1) proceeds from the sale of Drug War Bonds and stamps; and (2) certain cash contributions and portions of tax overpayments. Prescribes expenditures from the War on Drugs Trust Fund, including the construction of Federal prison facilities and education and rehabilitation programs. Precludes the receipts and disbursements from the War on Drugs Trust Fund from being included in either the congressional budget totals or in the budget totals as submitted by the President. Exempts the receipts and expenditures from the War on Drugs Trust Fund from: (1) statutory expenditure and lending limitations; and (2) certain orders issued under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Requires the Secretary to report to the Congress on programs established by this Act. Directs the Attorney General to make recommendations to the Congress regarding the merits of privatizing Federal prisons.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 21 July 1989

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 21 July 1989

   Introduced

   Introduced in House

   Source: IntroReferral

3. 21 July 1989

   Introduced

   Introduced in House

   Source: IntroReferral

4. 27 July 1989

   Referred

   Referred to the Subcommittee on Legislation and National Security.

   Source: Committee

5. 17 August 1989

   Referred

   Referred to the Subcommittee on Crime.

   Source: Committee

6. 24 August 1989

   Referred

   Referred to the Subcommittee on Elementary, Secondary and Vocational Education.

   Source: Committee

7. 31 December 1989

   Referred

   Referred to the Subcommittee on the Legislative Process.

   Source: Committee

8. 25 April 1990

   Committee

   Committee Hearings Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 21 July 1989

  Open at official source

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Sponsors

• Rep. Lewis, Jerry [R-CA-41] · R · Sponsor
• Rep. Campbell, Tom [R-CA-15] · R · Sponsor
• Rep. Madigan, Edward R. [R-IL-15] · R · Sponsor
• Rep. Emerson, Bill [R-MO-8] · R · Sponsor
• Rep. Gingrich, Newt [R-GA-6] · R · Sponsor
• Rep. Weldon, Curt [R-PA-7] · R · Sponsor
• Rep. Lagomarsino, Robert J. [R-CA-19] · R · Sponsor
• Rep. Gilman, Benjamin A. [R-NY-20] · R · Sponsor
• Rep. Shaw, E. Clay, Jr. [R-FL-22] · R · Sponsor
• Rep. Michel, Robert H. [R-IL-18] · R · Sponsor
• Rep. Hastert, J. Dennis [R-IL-14] · R · Sponsor
• Rep. Douglas, Chuck [R-NH-2] · R · Sponsor
• Rep. McCandless, Alfred A. (Al) [R-CA-44] · R · Sponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Sponsor
• Rep. Dreier, David [R-CA-26] · R · Sponsor
• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• Rep. Coughlin, Lawrence [R-PA-13] · R · Sponsor
• Rep. Lowery, Bill [R-CA-41] · R · Sponsor
• Rep. McEwen, Bob [R-OH-6] · R · Sponsor
• Rep. Vander Jagt, Guy [R-MI-9] · R · Sponsor
• Rep. McCollum, Bill [R-FL-8] · R · Sponsor
• Rep. Edwards, Mickey [R-OK-5] · R · Sponsor
• Rep. Weber, Vin [R-MN-2] · R · Sponsor
• Rep. Gray, William H., III [D-PA-2] · D · Cosponsor
• Rep. Dixon, Julian C. [D-CA-32] · D · Cosponsor
• Sen. Durbin, Richard J. [D-IL] · D · Cosponsor
• Rep. Solomon, Gerald B. H. [R-NY-22] · R · Cosponsor
• Rep. Smith, Lamar [R-TX-21] · R · Cosponsor
• Rep. Hall, Ralph M. [R-TX-4] · D · Cosponsor
• Rep. Lantos, Tom [D-CA-12] · D · Cosponsor
• Rep. Pursell, Carl D. [R-MI-2] · R · Cosponsor
• Rep. Livingston, Bob [R-LA-1] · R · Cosponsor
• Rep. Martin, Lynn M. [R-IL-16] · R · Cosponsor
• Rep. Leath, Marvin [D-TX-11] · D · Cosponsor
• Rep. Hoagland, Peter [D-NE-2] · D · Cosponsor
• Rep. Grandy, Fred [R-IA-6] · R · Cosponsor
• Rep. Hancock, Mel [R-MO-7] · R · Cosponsor
• Rep. Rhodes, John J., III [R-AZ-1] · R · Cosponsor
• Rep. Lehman, Richard H. [D-CA-19] · D · Cosponsor
• Rep. Lewis, John [D-GA-5] · D · Cosponsor
• Rep. Schuette, Bill [R-MI-10] · R · Cosponsor
• Rep. Chapman, Jim [D-TX-1] · D · Cosponsor
• Rep. Fawell, Harris W. [R-IL-13] · R · Cosponsor
• Rep. Paxon, Bill [R-NY-27] · R · Cosponsor
• Rep. Levine, Mel [D-CA-27] · D · Cosponsor
• Rep. Matsui, Robert T. [D-CA-5] · D · Cosponsor
• Rep. Hunter, Duncan [R-CA-52] · R · Cosponsor
• Rep. Gekas, George W. [R-PA-17] · R · Cosponsor

Showing 48 of 265 sponsors and actors.

Related records

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