US HB4496 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 8 2016 - 25% progression, died in committee
Action: 2016-02-08 - Referred to the House Committee on the Judiciary.
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 8 2016 - 25% progression, died in committee
Action: 2016-02-08 - Referred to the House Committee on the Judiciary.
Pending: House Judiciary Committee
Text: Latest bill text (Introduced) [PDF]
Summary
FUNDS Act Funding Unpaid National Debt with Settlements Act This bill requires funds collected by the federal government through legal settlements, fines, and penalties (excluding penalties or interest collected by the Internal Revenue Service under the Internal Revenue Code) to be deposited in the general fund of the Treasury for deficit reduction. (Under current law, federal agencies are permitted to spend funds from certain settlements, fines, and penalties for specified purposes.)
Title
FUNDS Act Funding Unpaid National Debt with Settlements Act
Sponsors
| Rep. David Schweikert [R-AZ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2016-02-08 | House | Referred to the House Committee on the Judiciary. |
| 2016-02-08 | House | Introduced in House |
Subjects
Budget deficits and national debt
Civil actions and liability
Debt collection
Economics and public finance
Executive agency funding and structure
Civil actions and liability
Debt collection
Economics and public finance
Executive agency funding and structure
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/4496/all-info |
| Text | https://www.congress.gov/114/bills/hr4496/BILLS-114hr4496ih.pdf |
