A bill to amend section 204 of the Federal Property and Administrative Services Act of 1949 to authorize the deposit of cash proceeds from the disposal of excess or surplus property into the general fund of the Treasury for use to retire the national debt.
National Debt Retirement Act of 1983 - Amends the Federal Property and Administrative Services Act of 1949 to require the cash proceeds from the transfer, lease, or disposal of surplus government property, with specified exceptions, to be deposited into the general fund of the Treasury and used solely to retire the national debt.
Introduced in Senate
Read twice and referred to the Committee on Governmental Affairs.
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