HR 1244 · 103th Congress · Economics and Public Finance
Deficit Reduction Account Act of 1993
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Sponsor introductory remarks on measure. (CR H5109)(1993-07-27)
Plain Language Summary
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Deficit Reduction Account Act of 1993 - Establishes in the Treasury: (1) a Deficit Reduction Account and appropriates to the Account such sums determined by the Secretary of the Treasury to be equivalent to amounts specified by subsequent Acts of Congress; and (2) a Build America Account and appropriates to that Account the amount determined by the Secretary to be equal to the interest earned on obligations in the Deficit Reduction Account.…
Summarized by Claude AI · Non-partisan · For informational purposes only