S. 692: REFUND Act

Introduced:
Apr 10, 2013
Status:
Referred to Committee
Prognosis
4% chance of being enacted
Track this bill
Sponsor
Marco Rubio
Junior Senator from Florida
Party
Republican
Text
Read Text »
Last Updated
Apr 10, 2013
Length
3 pages
Related Bills
S. 1009 (112th) was a previous version of this bill.

Referred to Committee
Last Action: May 17, 2011

H.R. 282 (identical)

Referred to Committee
Last Action: Jan 15, 2013

 
Status

This bill was assigned to a congressional committee on April 10, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Apr 10, 2013
Referred to Committee Apr 10, 2013
Reported by Committee ...
Passed Senate ...
Passed House ...
Signed by the President ...
Prognosis

18% chance of getting past committee.
4% chance of being enacted.

Only 11% of bills made it past committee and only about 3% were enacted in 2011–2013. [show factors | methodology]

 
Full Title

A bill to rescind certain Federal funds identified by States as unwanted and use the funds to reduce the Federal debt.

Summary

No summaries available.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


4/10/2013--Introduced.
Returned Exclusively For Unpaid National Debt Act or REFUND Act - Rescinds unwanted amounts, as identified by a state from a projected allocation, from any federal funds required to be allocated by formula among all states that agree to use them for a specified purpose.
Prescribes a procedure by which a state legislature may identify a projected federal allocation as unwanted funds.
Requires such rescinded amounts to: (1) be deposited by the Secretary of the Treasury in the special fund account entitled "Gifts to Reduce Debt Held by the Public, Bureau of the Public Debt, Treasury"; and (2) be used to reduce the federal debt.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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