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- H.R.1125
H.R.1125: Debt Free America Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about health
- Introduced March 16, 2011
- Latest Major Action March 16, 2011
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Debt Free America Act - States as purposes of this Act the raising of sufficient revenue from a fee on transactions to: (1) eliminate the national debt within 10 years and phase out the individual income tax, including interest payments on the national debt; and (2) provide incentives for private sector investment in capital goods, clean energy generation, and infrastructure development. Amends the Internal Revenue Code to impose a 1% fee,...
(Source: Library of Congress)
Bill Actions
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Referred to the Committee on Ways and Means, and in addition to the Committees on the Budget, Rules, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to House Ways and Means
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Referred to House Budget
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Referred to House Rules
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Referred to House Appropriations
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| March 16, 2011 |
Introduced in the House by Chaka Fattah (D-Pa.) |