H.R. 4496 · 114th Congress
FUNDS Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
SchweikertSponsorNo cosponsors.
Funding Unpaid National Debt with Settlements Act or the FUNDS Act
What it does: CRS summary · Introduced in House · Feb 8, 2016
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 settlements, fines, and penalties for specified purposes.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: FUNDS Act
Also known as: Funding Unpaid National Debt with Settlements Act
Latest action (Feb 8, 2016): Referred to the House Committee on the Judiciary.
Policy area: Economics and Public Finance · Origin: House · Introduced: Feb 8, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.