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

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.

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

Timeline

1. 8 January 1987

   Introduced

   Referred to House Committee on Government Operations.

   Source: IntroReferral

2. 8 January 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 8 January 1987

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 January 1987

   Referred

   Referred to Subcommittee on Legislation and National Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 8 January 1987

  Open at official source

Sponsors

• Rep. Leath, Marvin [D-TX-11] · D · Sponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Sponsor
• Rep. Henry, Paul B. [R-MI-5] · R · Sponsor
• Rep. Bates, Jim [D-CA-44] · D · Sponsor
• Rep. Rose, Charlie [D-NC-7] · D · Sponsor
• Rep. Nichols, Bill [D-AL-3] · D · Sponsor
• Rep. Montgomery, G. V. (Sonny) [D-MS-3] · D · Cosponsor
• Rep. Bryant, John W. [D-TX-5] · D · Cosponsor
• Rep. Andrews, Michael [D-TX-25] · D · Cosponsor
• Rep. Frenzel, Bill [R-MN-3] · R · Cosponsor
• Rep. Jacobs, Andrew, Jr. [D-IN-10] · D · Cosponsor
• Rep. Applegate, Douglas [D-OH-18] · D · Cosponsor
• Rep. Penny, Timothy J. [D-MN-1] · D · Cosponsor
• Rep. Armey, Richard K. [R-TX-26] · R · Cosponsor
• · hsgo00 · Standing
• · hswm00 · Standing

Related records

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