[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 834 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                 S. 834

   To require that funding for Federal departments and agencies and 
  programs that remain available at the end of a fiscal year shall be 
                   used to pay down the Federal debt.


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                   IN THE SENATE OF THE UNITED STATES

                             April 20, 2009

 Mr. Sessions introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To require that funding for Federal departments and agencies and 
  programs that remain available at the end of a fiscal year shall be 
                   used to pay down the Federal debt.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PAYMENT TOWARDS THE DEBT.

    If any funds remain at the end of a fiscal year appropriated for an 
agency or department or for an authorized program that has been carried 
out, the Secretary of the Treasury shall use those remaining funds to 
pay down the Federal debt.

SEC. 2. REPORT TO CONGRESS.

    If a department or agency returns funds described in section 2 and 
not later than 90 days after the end of the fiscal year, the department 
or agency shall submit a report to the committees of jurisdiction in 
both Houses of Congress and the Committees on the Budget of the House 
and the Senate detailing--
            (1) how the money was saved; and
            (2) possibilities for future savings in that program.
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