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Searching...- Bills
- H.R.634
H.R.634: Debt Buy-Down Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Feb. 10, 2011
- Latest Major Action Feb. 10, 2011
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
11 (All Republicans)
Bill Summary
Debt Buy-Down Act of 2011 - Amends the Internal Revenue Code to allow individual taxpayers to designate up to 10% of their adjusted income tax liability for the reduction of the public debt. Establishes in the Treasury the Public Debt Reduction Trust Fund to hold tax revenues generated by this Act for the reduction of the public debt. Amends the Balanced Budget and Emergency Deficit Control Act of 1985 to require a sequestration of federal...
(Source: Library of Congress)
Bill Actions
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Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, 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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| Feb. 10, 2011 |
Introduced in the House by Jeff Flake (R-Ariz.) |