106th Congress > House > Vote 1015

Date: July 18, 2000

Result: 422-1 (Passed)

Clerk session vote number: 409

Vote Subject Matter: Government Management / Budget General Interest

Sponsor: FLETCHER, Ernest L. (R-KY)

Bill number: HR4866

Question: Motion to Suspend the Rules and Pass, as Amended

Description: Debt Relief Reconciliation Act for Fiscal Year 2001

Bill summary: Debt Relief Reconciliation Act for Fiscal Year 2001 - Amends Federal public finance provisions to establish the Public Debt Reduction Payment Account in the Treasury. Requires the Secretary of the Treasury to use amounts in the Account to pay at maturity, or redeem or buy before maturity, any Government obligation held by the public and included in the public debt. Provides that any obligation which is paid, redeemed, or bought with amounts from the Account shall be canceled and retired and prohibits its reissuance. Appropriates funds for the Account. Prohibits such appropriation from being considered as direct spending for purposes of pay-as-you-go provisions of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Reduces the public debt limit by the amount appropriated into the Account. Bars Account receipts and disbursements from being counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of : (1) the Federal Government budget as submitted by the President; (2) the congressional budget; or (3) the Gramm-Rudman-Hollings Act. Requires the Secretary to report to specified congressional committees on the Account.

Bill titles: To provide for reconciliation pursuant to section 103(b)(1) of the concurrent resolution on the budget for fiscal year 2001 to reduce the public debt and to decrease the statutory limit on the public debt.

Links for more info on the vote: congress.gov

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