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United States · Bill · HR

H.R. 571 (100th)

A bill to provide for the treatment of Federal asset sale proceeds and to establish a debt retirement account.

referredUnited States· United States Congress· EN

Introduced

8 January 1987

Last action

—

Status

Referred to Subcommittee on Legislation and National Security.

Sponsors

—

Subjects

Discovery layer

Source updated

4 February 2025

Official sourceView documentsShare

Summary

Requires that all proceeds from any sale of Federal assets be used solely to retire the public debt. Establishes the Debt Retirement Account for the transfer or credit of such proceeds. Requires annual reports to the Congress by the Secretary of the Treasury on the financial condition of the account.

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Votes

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Documents

1 official file

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Sources

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