US Congress Senate Bill 692 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 19-0)
Status: Introduced on April 10 2013 - 25% progression, died in committee
Action: 2013-04-10 - Read twice and referred to the Committee on Appropriations.
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

Returned Exclusively For Unpaid National Debt Act or REFUND Act - Rescinds unwanted amounts, as identified by a state from a projected allocation, from any federal funds required to be allocated by formula among all states that agree to use them for a specified purpose. Prescribes a procedure by which a state legislature may identify a projected federal allocation as unwanted funds. Requires such rescinded amounts to: (1) be deposited by the Secretary of the Treasury in the special fund account entitled "Gifts to Reduce Debt Held by the Public, Bureau of the Public Debt, Treasury"; and (2) be used to reduce the federal debt.

REFUND Act

Sen. Marco Rubio [R-FL]	Sen. Lamar Alexander [R-TN]	Sen. John Barrasso [R-WY]	Sen. Roy Blunt [R-MO]
Sen. Saxby Chambliss [R-GA]	Sen. Daniel Coats [R-IN]	Sen. Tom Coburn [R-OK]	Sen. John Cornyn [R-TX]
Sen. Michael Enzi [R-WY]	Sen. James Inhofe [R-OK]	Sen. Johnny Isakson [R-GA]	Sen. Mike Johanns [R-NE]
Sen. Ron Johnson [R-WI]	Sen. Mitch McConnell [R-KY]	Sen. Rand Paul [R-KY]	Sen. Rob Portman [R-OH]
Sen. James Risch [R-ID]	Sen. Jeff Sessions [R-AL]	Sen. David Vitter [R-LA]

Date	Chamber	Action
2013-04-10	Senate	Read twice and referred to the Committee on Appropriations.

HB282 (Same As) 2013-01-15 - Referred to the House Committee on Appropriations.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/692/all-info
Text	https://www.congress.gov/113/bills/s692/BILLS-113s692is.pdf