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- H.R.4496
H.R.4496: FUNDS Act
About This Bill
- Introduced Feb. 8, 2016
- Latest Major Action Feb. 8, 2016
Bill Sponsor
Bill Summary
Funding Unpaid National Debt with Settlements Act or the FUNDS Act This bill requires funds collected by the federal government through legal settlements, fines, and penalties (excluding penalties or interest collected by the Internal Revenue Service under the Internal Revenue Code) to be deposited in the general fund of the Treasury for deficit reduction. (Under current law, federal agencies are permitted to spend funds from certain...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Feb. 8, 2016 |
Referred to the House Committee on the Judiciary.
|
Feb. 8, 2016 |
Introduced in the House by David Schweikert (R-Ariz.) |