Taxpayer Debt Buy-Down Act

Summary

Taxpayer Debt Buy-Down Act - Amends the Internal Revenue Code to allow every individual with adjusted income tax liability to designate on their tax returns that a portion of such liability (not to exceed ten percent) be used to reduce the public debt. Establishes a Public Debt Reduction Trust Fund for the deposit of designated amounts. Makes amounts in such Trust Fund available only to pay at maturity, or to redeem or buy before maturity, any obligation of the Federal Government included in the public debt. Prohibits the reissuance of any obligation which is paid, redeemed, or bought with amounts from the Trust Fund. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide for the sequestration of amounts designated to the Trust Fund. Specifies accounts exempt from such sequestration. Includes aggregated amounts designated to the Trust Fund and amounts sequestered to reduce the public debt in sequestration preview and final reports.

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Timeline

1. 5 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

2. 5 January 1993

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 January 1993

   Introduced

   Referred to the House Committee on Government Operations.

   Source: IntroReferral

4. 19 February 1993

   Referred

   Referred to the Subcommittee on Legislation and National Security.

   Source: Committee

5. 13 May 1993

   Introduced

   Sponsor introductory remarks on measure. (CR H2485)

   Source: IntroReferral

6. 16 November 1993

   Committee

   Committee Hearings Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 January 1993 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 January 1993

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 January 1993

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 5 January 1993

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Walker, Robert S. [R-PA-16] · R · Sponsor
• Rep. Gingrich, Newt [R-GA-6] · R · Sponsor
• Rep. Barton, Joe [R-TX-6] · R · Sponsor
• Rep. Bliley, Tom [R-VA-7] · R · Sponsor
• Rep. Camp, Dave [R-MI-4] · R · Sponsor
• Rep. Coble, Howard [R-NC-6] · R · Sponsor
• Sen. Crapo, Mike [R-ID] · R · Sponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Sponsor
• Rep. Dornan, Robert K. [R-CA-46] · R · Sponsor
• Rep. Ewing, Thomas W. [R-IL-15] · R · Sponsor
• Rep. Fawell, Harris W. [R-IL-13] · R · Sponsor
• Rep. Gekas, George W. [R-PA-17] · R · Sponsor
• Rep. Goss, Porter J. [R-FL-14] · R · Sponsor
• Rep. Hancock, Mel [R-MO-7] · R · Sponsor
• Rep. Hefley, Joel [R-CO-5] · R · Sponsor
• Rep. Kingston, Jack [R-GA-1] · R · Sponsor
• Rep. Kolbe, Jim [R-AZ-8] · R · Sponsor
• Rep. Lewis, Thomas F. [R-FL-12] · R · Sponsor
• Rep. McCollum, Bill [R-FL-8] · R · Sponsor
• Rep. Nussle, Jim [R-IA-2] · R · Sponsor
• Rep. Oxley, Michael G. [R-OH-4] · R · Sponsor
• Rep. Packard, Ron [R-CA-48] · R · Sponsor
• Rep. Ravenel, Arthur, Jr. [R-SC-1] · R · Sponsor
• Rep. Rohrabacher, Dana [R-CA-48] · R · Sponsor
• Sen. Santorum, Rick [R-PA] · R · Sponsor
• Sen. Thomas, Craig [R-WY] · R · Sponsor
• Rep. Upton, Fred [R-MI-6] · R · Sponsor
• Rep. Zeliff, William H., Jr. [R-NH-1] · R · Sponsor
• Rep. Zimmer, Dick [R-NJ-12] · R · Sponsor
• Rep. Ballenger, Cass [R-NC-10] · R · Cosponsor
• Rep. Johnson, Sam [R-TX-3] · R · Cosponsor
• Rep. Sensenbrenner, F. James, Jr. [R-WI-5] · R · Cosponsor
• Rep. Cox, Christopher [R-CA-48] · R · Cosponsor
• Rep. Hunter, Duncan [R-CA-52] · R · Cosponsor
• Rep. Blackwell, Lucien E. [D-PA-2] · D · Cosponsor
• Sen. Bunning, Jim [R-KY] · R · Cosponsor
• Rep. Burton, Dan [R-IN-5] · R · Cosponsor
• Rep. Inglis, Bob [R-SC-4] · R · Cosponsor
• Sen. Kyl, Jon [R-AZ] · R · Cosponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Cosponsor
• Rep. Solomon, Gerald B. H. [R-NY-22] · R · Cosponsor
• Rep. Torkildsen, Peter G. [R-MA-6] · R · Cosponsor
• Rep. Baker, Bill [R-CA-10] · R · Cosponsor
• Sen. Grams, Rod [R-MN] · R · Cosponsor
• Rep. Hoekstra, Peter [R-MI-2] · R · Cosponsor
• Rep. Horn, Stephen [R-CA-38] · R · Cosponsor
• Rep. Levy, David A. [R-NY-4] · R · Cosponsor
• Rep. Pryce, Deborah [R-OH-15] · R · Cosponsor

Showing 48 of 107 sponsors and actors.

Related records

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