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United States · Bill · HR

H.R. 4559 (94th)

Public Debt Reduction Act

referredUnited States· United States Congress· EN

Introduced

10 March 1975

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Public Debt Reduction Act - Permits taxpayers to designate that $10 or less of their income tax be used to reduce the public debt. Establishes on the books of the Treasury of the United States a fund to be known as the "Public Debt Reduction Fund". Authorizes to be appropriated to the fund for each fiscal year, out of amounts in the general fund of the Treasury not otherwise appropriated, an amount equal to amounts designated by taxpayers on their income tax returns. Stipulates that amounts in the Fund shall be available solely for reduction of the public debt.

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Documents

1 official file

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