Energy for America’s Economic Future Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 5623 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 5623 To establish a debt reduction fund to reduce the national debt of the United States. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES December 19 (legislative day, December 16), 2024 Mr. Schmitt introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources _______________________________________________________________________ A BILL To establish a debt reduction fund to reduce the national debt of the United States. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Energy for America's Economic Future Act''. SEC. 2. DEBT REDUCTION FUND. (a) Definitions.--In this Act: (1) Fund.--The term ``Fund'' means the Debt Reduction Fund established under subsection (b). (2) Secretary.--The term ``Secretary'' means the Secretary of the Treasury. (3) Total revenue.--The term ``total revenue'' means all initial …