HR 1450 · 94th Congress · Economics and Public Finance

A bill to amend the Budget and Accounting Act, 1921, to provide for the retirement of the public debt by setting aside the first 5 percent of the budget receipts of the United States for each fiscal year for the sole purpose of retirement of obligations counted as part of the public debt.

Introduced 1975-01-15· Sponsored by Rep. Haley, James A. [D-FL-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-01-15)

Plain Language Summary

[AI summary unavailable — showing source text] Provides for the retirement of the public debt by setting aside the first 5 percent of the budget receipts of the United States for each fiscal year, except in times of war, for the sole purpose of retirement of obligations counted as part of the public debt.…

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