US Congress Senate Bill 744 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 8-0)
Status: Introduced on March 16 2015 - 25% progression, died in committee
Action: 2015-03-16 - Read twice and referred to the Committee on Appropriations.
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

REFUND Act Returned Exclusively For Unpaid National Debt Act This bill rescinds federal funds identified by a state as unwanted and requires the funds to be used for debt reduction. The bill applies to federal funds required to be allocated by formula among all states that agree to use the funds for a specified purpose. To identify the funds as unwanted, a state legislature must pass a concurrent resolution, and the state must then notify the head of the federal agency responsible for allocating the funds. The Department of the Treasury must deposit the rescinded funds in the Gifts to the United States for Reduction of the Public Debt account, use the funds to reduce the debt, and submit an annual report to Congress identifying funds received.

REFUND Act Returned Exclusively For Unpaid National Debt Act

Sen. Marco Rubio [R-FL]	Sen. John Barrasso [R-WY]	Sen. Daniel Coats [R-IN]	Sen. James Inhofe [R-OK]
Sen. Ron Johnson [R-WI]	Sen. Rob Portman [R-OH]	Sen. James Risch [R-ID]	Sen. Roy Blunt [R-MO]

Date	Chamber	Action
2015-03-16	Senate	Read twice and referred to the Committee on Appropriations.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/744/all-info
Text	https://www.congress.gov/114/bills/s744/BILLS-114s744is.pdf