3.0.0 744 2023-01-11T13:27:51Z 2023-01-11T13:27:51Z Senate S 2015-03-16 114 ssap00 Appropriations Committee Senate Standing Referred to 2015-03-16T20:39:08Z REFUND Act 114 5933 HR 2016-09-06 Referred to the House Committee on Appropriations. Identical bill CRS 2015-03-16 ssap00 Appropriations Committee Senate Read twice and referred to the Committee on Appropriations. IntroReferral 2015-03-16 Introduced in Senate IntroReferral 10000 9 Library of Congress R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL N B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY 2015-03-16 True C000542 Sen. Coats, Daniel [R-IN] DANIEL COATS R IN RAY 2015-03-16 True I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK 2015-03-16 True J000293 Sen. Johnson, Ron [R-WI] Ron Johnson R WI 2015-03-16 True P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2015-03-16 True R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2015-03-16 True B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2015-04-22 False Economics and Public Finance Appropriations Budget deficits and national debt Intergovernmental relations State and local finance Economics and Public Finance 00 2015-03-16 Introduced in Senate 2015-06-30T22:59:11Z Returned Exclusively For Unpaid National Debt Act or the REFUND Act

This bill rescinds federal funds identified by a state as unwanted and requires the funds to be used for debt reduction. The bill applies to federal funds required to be allocated by formula among all states that agree to use the funds for a specified purpose. To identify the funds as unwanted, a state legislature must pass a concurrent resolution, and the state must then notify the head of the federal agency responsible for allocating the funds. The Department of the Treasury must deposit the rescinded funds in the Gifts to the United States for Reduction of the Public Debt account, use the funds to reduce the debt, and submit an annual report to Congress identifying funds received.

]]> REFUND Act Display Title REFUND Act Official Title as Introduced A bill to rescind certain Federal funds identified by States as unwanted and use the funds to reduce the Federal debt. Introduced in Senate IS Short Titles as Introduced REFUND Act Short Titles as Introduced Returned Exclusively For Unpaid National Debt Act Introduced in Senate 2015-03-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s744is/xml/BILLS-114s744is.xml 2015-03-16 Read twice and referred to the Committee on Appropriations. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.