Giveback Deficit Reduction Act

Bill: 114-hr-3077
Sponsor: full_name: Rep. Kind, Ron [D-WI-3]
Introduced: 2015-07-15
Policy area: Congress
Subjects: Budget deficits and national debt

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Latest action: action_date: 2015-07-15
text: Referred to the House Committee on House Administration.

Summaries:
action_date: 2015-07-15
action_desc: Introduced in House
text: <p><b>Giveback Deficit Reduction Act </b></p> <p>This bill requires appropriations for Member's Representational Allowances for the House of Representatives that remain at the end of the fiscal year to be deposited in the Treasury and used for deficit or debt reduction. The Member's Representational Allowance is the budget authorized for each Member of Congress in support of the conduct of official and representational duties.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 3077 IN THE HOUSE OF REPRESENTATIVES July 15, 2015 Mr. Kind (for himself, Mr. Ribble , Mr. Tiberi , and Ms. Duckworth ) introduced the following bill; which was referred to the Committee on House Administration A BILL To require any amounts remaining in Members’ Representational Allowances at the end of a fiscal year to be deposited in the Treasury and used for deficit reduction or to reduce the Federal debt.

1. Short title This Act may be cited as the Giveback Deficit Reduction Act . 2. Requiring amounts remaining in members’ representational allowances to be used for deficit reduction or to reduce the Federal debt (a) In general Notwithstanding any other provision of law, any amounts appropriated for Members’ Representational Allowances for the House of Representatives for a fiscal year which remain after all payments are made under such Allowances for the year shall be deposited in the Treasury and used for deficit reduction, except that in the case of a fiscal year for which there is no Federal budget deficit, such amounts shall be used to reduce the Federal debt (in such manner as the Secretary of the Treasury considers appropriate). (b) Effective date This section shall apply with respect to fiscal year 2015 and each succeeding fiscal year. 3. Regulations The Committee on House Administration of the House of Representatives shall have authority to prescribe regulations to carry out this Act. 4. Definition As used in this Act, the term “Member of the House of Representatives” means a Representative in, or a Delegate or Resident Commissioner to, the Congress.