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United States · Bill · HR

H.R. 4496 (114th)

FUNDS Act

referredUnited States· United States Congress· EN

Introduced

8 February 2016

Last action

Status

Referred to the House Committee on the Judiciary.

Sponsors

Subjects

Discovery layer

Source updated

12 August 2025

Summary

Funding Unpaid National Debt with Settlements Act or the FUNDS Act This bill requires funds collected by the federal government through legal settlements, fines, and penalties (excluding penalties or interest collected by the Internal Revenue Service under the Internal Revenue Code) to be deposited in the general fund of the Treasury for deficit reduction. (Under current law, federal agencies are permitted to spend funds from certain settlements, fines, and penalties for specified purposes.)

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Documents

3 official files

Introduced in House (text)

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