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United States · Bill · HR

H.R. 47 (93rd)

A bill to amend the Budget and Accounting Act, 1921, to provide for the retirement of the public debt by setting aside the first 5 per centum of the budget receipts of the United States for each fiscal year for the sole purpose of retirement of obligations counted as part of the public debt.

referredUnited States· United States Congress· EN

Introduced

3 January 1973

Last action

—

Status

Referred to House Committee on Government Operations.

Sponsors

—

Subjects

Discovery layer

Source updated

4 February 2025

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Summary

Provides for the retirement of the public debt by setting aside the first 5 percent of the budget receipts of the United States for each fiscal year (except in time of war) for the sole purpose of retirement of obligations counted as part of the public debt. (Amends 31 U.S.C. 11)

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Documents

1 official file

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Sources

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