H.R.7029 - National Debt Reduction Trust Fund Act of 2008

To establish a trust fund to hold new Federal revenue from mineral exploration, development, and production in Alaska and the Outer Continental Shelf in order to reduce the national debt. view all titles (2)

All Bill Titles

  • Official: To establish a trust fund to hold new Federal revenue from mineral exploration, development, and production in Alaska and the Outer Continental Shelf in order to reduce the national debt. as introduced.
  • Short: National Debt Reduction Trust Fund Act of 2008 as introduced.

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Introduced
 
House
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Senate
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President
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09/23/08
 
 
 
 
 
 
 

Official Summary

National Debt Reduction Trust Fund Act of 2008 - Establishes in the Treasury the National Debt Reduction Trust Fund. Requires the Secretary of the Treasury to transfer to such Trust Fund revenues attributable to the exploration for, development of, or production of oil, natural gas, or oil

Official Summary

National Debt Reduction Trust Fund Act of 2008 - Establishes in the Treasury the National Debt Reduction Trust Fund. Requires the Secretary of the Treasury to transfer to such Trust Fund revenues attributable to the exploration for, development of, or production of oil, natural gas, or oil shale located on federal lands in Alaska or the Outer Continental Shelf and to use such revenues to reduce the national debt.

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