U.S. Congress - S.1009 Returned Exclusively For Unpaid National Debt Act
S.1009 - Returned Exclusively For Unpaid National Debt Act
A bill to rescind certain Federal funds identified by States as unwanted and use the funds to reduce the Federal debt. view all titles (3)
All Bill Titles
- Short: Returned Exclusively For Unpaid National Debt Act as introduced.
- Short: REFUND Act as introduced.
- Official: A bill to rescind certain Federal funds identified by States as unwanted and use the funds to reduce the Federal debt. as introduced.
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Official Summary
5/17/2011--Introduced.Returned Exclusively For Unpaid National Debt Act or REFUND Act - Rescinds unwanted amounts, as identified by a state from a projected allocation, from any federal funds required to be allocated by formula among all states that agree to use them for a specified purposOfficial Summary
5/17/2011--Introduced.Returned Exclusively For Unpaid National Debt Act or REFUND Act - Rescinds unwanted amounts, as identified by a state from a projected allocation, from any federal funds required to be allocated by formula among all states that agree to use them for a specified purpose. Prescribes a procedure by which a state legislature may identify a projected federal allocation as unwanted funds. Requires such rescinded amounts to:(1) be deposited by the Secretary of the Treasury in the special fund account entitled "Gifts to Reduce Debt Held by the Public, Bureau of the Public Debt, Treasury"; and
(2) be used to reduce the federal debt.
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Recent Blog Coverage
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Journal de la Reyna: Republicans Pitch Novice Senator As Potential ...
S. 1009: REFUND Act - A bill that requires states to end government funding that was given in response to the American Recovery and Reinvestment Act that was signed into law by President Barack Obama. If passed this ...
Journal de la Reyna: Republicans Pitch Novice Senator As Potential ...
S. 1009: REFUND Act - A bill that requires states to end government funding that was given in response to the American Recovery and Reinvestment Act that was signed into law by President Barack Obama. If passed this ...
Returned Exclusively For Unpaid National Debt Act S. 1009 | Truth ...
On May 16th, 2011 Senator Marco Rubio introduced S. 1009. The purpose of S. 1009 is to take money given to the states and use it to pay down on ...
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