H.R. 571 — A bill to provide for the treatment of Federal asset sale proceeds and to establish a debt retirement account.

Summary

Requires that all proceeds from any sale of Federal assets be used solely to retire the public debt. Establishes the Debt Retirement Account for the transfer or credit of such proceeds. Requires annual reports to the Congress by the Secretary of the Treasury on the financial condition of the account.

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Legislative Actions

1987-01-08
Introduced in House
1987-01-08
Introduced in House
1987-01-08
Referred to House Committee on Government Operations.
1987-01-08
Referred to House Committee on Ways and Means.
1987-01-20
Referred to Subcommittee on Legislation and National Security.

A bill to provide for the treatment of Federal asset sale proceeds and to establish a debt retirement account.

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Summary

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