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- H.R.429
H.R.429: Taxpayer Debt Buy-Down Act
About This Bill
- Introduced Jan. 5, 1993
- Latest Major Action Nov. 16, 1993
Bill Sponsor
Bill Cosponsors
104 (2 Democrats, 102 Republicans)
Bill Summary
Taxpayer Debt Buy-Down Act - Amends the Internal Revenue Code to allow every individual with adjusted income tax liability to designate on their tax returns that a portion of such liability (not to exceed ten percent) be used to reduce the public debt. Establishes a Public Debt Reduction Trust Fund for the deposit of designated amounts. Makes amounts in such Trust Fund available only to pay at maturity, or to redeem or buy before maturity, any...
(Source: Library of Congress)
Bill Actions
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Referred to the House Committee on Government Operations.
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Referred to the House Committee on Ways and Means.
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Referred to the Subcommittee on Legislation and National Security.
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Sponsor introductory remarks on measure.
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Committee Hearings Held.
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| Jan. 5, 1993 |
Introduced in the House by Robert Smith Walker (R-Pa.) |