HR 7029 · 110th Congress · Energy

National Debt Reduction Trust Fund Act of 2008

Introduced 2008-09-23· Sponsored by Rep. Terry, Lee [R-NE-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Energy and Mineral Resources.(2008-09-29)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only