A bill to amend the Internal Revenue Code of 1986 to provide for the designation on income tax forms of tax overpayments and contributions to retire the public debt to be deposited in an account designated in title 31, United States Code.

Amends the Internal Revenue Code to provide for the designation on income tax forms of tax overpayments and cash contributions to the Public Debt Repayment Account.

Amends Federal law to name the Treasury account which accepts money and gifts for the public debt as the Public Debt Repayment Account.