legislation: 96-hr-8352

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
96-hr-8352 96 hr 8352 A bill to provide that the proceeds of the windfall profit tax shall be used to reduce the public debt. Economics and Public Finance 1980-11-17 1980-11-17 Referred to House Committee on Ways and Means. House Rep. Jacobs, Andrew, Jr. [D-IN-11] IN D J000033 0 Establishes the Public Debt Retirement Trust Fund in the Treasury of the United States. Appropriates to the Trust Fund amounts received in the Treasury equivalent to any windfall profit taxes imposed on domestic crude oil production. Stipulates that such amounts shall be transferred at least monthly from the general fund of the Treasury to the Trust Fund. Requires that the amounts in the Trust Fund be used only for the payment, purchase, or redemption of any obligations included in the public debt. Stipulates that all such obligations shall be canceled and retired and shall not be reissued. Repeals provisions of the Crude Oil Windfall Profit Tax Act of 1980 which set up the Windfall Profit Tax Account in the Treasury and direct the allocation of amounts deposited therein. 2024-02-07T16:32:33Z  

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