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United States · Bill · HR

H.R. 4601 (106th)

Debt Reduction Reconciliation Act of 2000

openUnited States· United States Congress· EN

Introduced

8 June 2000

Last action

22 June 2000 · Calendars

Status

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 626.

Sponsors

Rep. Fletcher, Ernie [R-KY-6], Rep. Archer, Bill [R-TX-7], Rep. Kasich, John R. [R-OH-12], Sen. Toomey, Patrick [R-PA], Rep. Crane, Philip M. [R-IL-8], Rep. Shaw, E. Clay, Jr. [R-FL-22], Rep. Herger, Wally [R-CA-2], Rep. Camp, Dave [R-MI-4], Rep. Ramstad, Jim [R-MN-3], Rep. Nussle, Jim [R-IA-2], Rep. Johnson, Sam [R-TX-3], Rep. Dunn, Jennifer [R-WA-8], Sen. Portman, Rob [R-OH], Rep. English, Phil [R-PA-3], Rep. Hayworth, J. D. [R-AZ-5], Rep. Weller, Jerry [R-IL-11], Rep. McInnis, Scott [R-CO-3], Rep. Lewis, Ron [R-KY-2], Sen. Blunt, Roy [R-MO], Rep. Kuykendall, Steven T. [R-CA-36], Sen. DeMint, Jim [R-SC], Rep. Green, Mark [R-WI-8], Rep. Chabot, Steve [R-OH-1], Rep. Northup, Anne M. [R-KY-3], Rep. Miller, Gary G. [R-CA-42]

Subjects

Taxation, Budget

Source updated

7 April 2025

Taxation · Budget

Summary

Debt Reduction Reconciliation Act of 2000 - Amends Federal public finance provisions to establish the Public Debt Reduction Payment Account in the Treasury. Requires the Secretary of the Treasury to use amounts in the Account to pay at maturity, or redeem or buy before maturity, any Government obligation held by the public and included in the public debt. Provides that any obligation which is paid, redeemed, or bought with amounts from the Account shall be canceled and retired and prohibits its reissuance. Provides that if the Congressional Budget Office estimates an on-budget surplus for FY 2000 in a report submitted to the congressional budget committees pursuant to the Congressional Budget Act of 1974 that exceeds the amount of the surplus for such fiscal year set forth in the concurrent resolution on the budget for FY 2001 (H. Con. Res. 290, 106th Congress), then an amount equal to that excess is appropriated into the Account for FY 2000. Prohibits such appropriation from being considered as direct spending for purposes of pay-as-you-go provisions of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Reduces the public debt limit by the amount appropriated into the Account. Bars Account receipts and disbursements from being counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of : (1) the Federal Government budget as submitted by the President; (2) the congressional budget; or (3) the Gramm-Rudman-Hollings Act. Requires the Secretary to report to Congress on the Account.

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

Timeline

  1. 8 June 2000

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 8 June 2000

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 8 June 2000

    Vote

    Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 3.

    Source: Committee

  4. 8 June 2000

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  5. 8 June 2000

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  6. 8 June 2000

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  7. 12 June 2000

    Calendars

    Placed on the Union Calendar, Calendar No. 377.

    Source: Calendars

  8. 12 June 2000

    Discharge

    Committee on The Budget discharged.

    Source: Discharge

  9. 12 June 2000

    Committee

    Committee on The Budget discharged.

    Source: Committee

  10. 12 June 2000

    Introduced

    House Committee on The Budget Granted an extension for further consideration ending not later than June 12, 2000.

    Source: IntroReferral

  11. 12 June 2000

    Reported

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 106-673, Part I.

    Source: Committee

  12. 12 June 2000

    Reported

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 106-673, Part I.

    Source: Committee

  13. 20 June 2000

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

  14. 20 June 2000

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 5 (Roll no. 296). (text: CR H4701-4702)

    Source: Floor

  15. 20 June 2000

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 419 - 5 (Roll no. 296).(text: CR H4701-4702)

    Source: Floor

  16. 20 June 2000

    Floor

    Considered under suspension of the rules. (consideration: CR H4701-4708)

    Source: Floor

  17. 20 June 2000

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

  18. 20 June 2000

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 4601.

    Source: Floor

  19. 20 June 2000

    Floor

    Mr. Archer moved to suspend the rules and pass the bill, as amended.

    Source: Floor

  20. 21 June 2000

    Introduced

    Received in the Senate, read the first time.

    Source: IntroReferral

  21. 22 June 2000

    Calendars

    Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 626.

    Source: Calendars

Votes

No vote records are attached yet.

Versions

Documents

11 official files

Placed on Calendar Senate (text)

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  • Placed on Calendar Senate (text)

    Placed on Calendar Senate · EN · 22 June 2000

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  • Placed on Calendar Senate (PDF)

    Placed on Calendar Senate · EN · 22 June 2000

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  • Engrossed in House (text)

    Engrossed in House · EN · 20 June 2000

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 20 June 2000

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  • Passed House amended

    summary · EN · 20 June 2000

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  • Reported in House (text)

    Reported in House · EN · 12 June 2000

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  • Reported in House (PDF)

    Reported in House · EN · 12 June 2000

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  • Reported to House amended, Part I

    summary · EN · 12 June 2000

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  • Introduced in House (text)

    Introduced in House · EN · 8 June 2000

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  • Introduced in House (PDF)

    Introduced in House · EN · 8 June 2000

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  • Introduced in House

    summary · EN · 8 June 2000

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Sponsors

Related records

Sources

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