H R 4866 in Congressional Session 106

Official Summary

 

Bill Number : H R 4866

 

Title : To provide for reconciliation pursuant to section 103(b)(1) of the concurrent resolution on the budget for fiscal year 2001 to reduce the public debt and to decrease the statutory limit on the public debt.

 

SUMMARY AS OF:
7/18/2000--Passed House amended.    (There is 1 other summary) Debt Relief Reconciliation Act for Fiscal Year 2001 - Amends Federal public finance provisions to establish the Public Debt Reduction Payment Account in the Treasury. Requires the Secretary of the Treasury to use amounts in the Account to pay at maturity, or redeem or buy before maturity, any Government obligation held by the public and included in the public debt. Provides that any obligation which is paid, redeemed, or bought with amounts from the Account shall be canceled and retired and prohibits its reissuance.Appropriates funds for the Account. Prohibits such appropriation from being considered as direct spending for purposes of pay-as-you-go provisions of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).Reduces the public debt limit by the amount appropriated into the Account.Bars Account receipts and disbursements from being counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of : (1) the Federal Government budget as submitted by the President; (2) the congressional budget; or (3) the Gramm-Rudman-Hollings Act.Requires the Secretary to report to specified congressional committees on the Account.

Votes

Title : To provide for reconciliation pursuant to section 103(b)(1) of the concurrent resolution on the budget for fiscal year 2001 to reduce the public debt and to decrease the statutory limit on the public debt.
Votes in the US Senate
This Bill was not Voted in the US Senate
Votes in the US House
Roll NumberVote DateQuestionDescriptionVote Result
4092000-07-18Motion to Suspend the Rules and Pass, as Amended Debt Relief Reconciliation Act for Fiscal Year 2001P

Sponsors

 
Congressional Sponsors of H R 4866
 
Bill Number : H R 4866
Title : To provide for reconciliation pursuant to section 103(b)(1) of the concurrent resolution on the budget for fiscal year 2001 to reduce the public debt and to decrease the statutory limit on the public debt.
Sponsor: Rep Fletcher, Ernie [KY-6] (introduced 7/17/2000)      
ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

    Rep Archer, Bill [TX-7] - 7/17/2000

    Rep Chabot, Steve [OH-1] - 7/18/2000

    Rep Green, Mark [WI-8] - 7/17/2000

    Rep Hayworth, J. D. [AZ-6] - 7/17/2000

    Rep Herger, Wally [CA-2] - 7/17/2000

    Rep Johnson, Sam [TX-3] - 7/17/2000

    Rep Kasich, John R. [OH-12] - 7/17/2000

    Rep Kuykendall, Steven T. [CA-36] - 7/17/2000

    Rep Nussle, Jim [IA-2] - 7/17/2000

    Rep Portman, Rob [OH-2] - 7/17/2000

    Rep Ramstad, Jim [MN-3] - 7/17/2000

    Rep Shaw, E. Clay, Jr. [FL-22] - 7/18/2000

    Rep Tancredo, Thomas G. [CO-6] - 7/17/2000

    Rep Weller, Jerry [IL-11] - 7/18/2000

Other Info

Bill Number : H R 4866
Title : To provide for reconciliation pursuant to section 103(b)(1) of the concurrent resolution on the budget for fiscal year 2001 to reduce the public debt and to decrease the statutory limit on the public debt.
 
 
ALL ACTIONS:
 
7/17/2000: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.
 
7/17/2000:Referred to House Ways and Means
 
7/17/2000:Referred to House Budget
 
7/18/2000 4:04pm:Mr. Nussle moved to suspend the rules and pass the bill, as amended.
 
7/18/2000 4:05pm:Considered under suspension of the rules. (consideration: CR H6437-6438)
 
7/18/2000 4:05pm:DEBATE - The House proceeded with forty minutes of debate on H.R. 4866.
 
7/18/2000 4:47pm:At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
 
7/18/2000 6:13pm:Considered as unfinished business.
 
7/18/2000 6:22pm:On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 422 - 1 (Roll no. 409). (text: CR H6426-6427)
 
7/18/2000 6:22pm:Motion to reconsider laid on the table Agreed to without objection.
 
7/19/2000:Received in the Senate and Read twice and referred to the Committee on Finance.