skip to main content

S. 1552: Debt Buy-Down Act

A bill to amend the Internal Revenue Code of 1986 to allow individuals to designate that up to 10 percent of their income tax liability be used to reduce the national debt, and to require spending reductions equal to the amounts so designated.

The bill’s titles are written by its sponsor.

What you can do

Overview

Introduced:

Jul 13, 2017

Status:

Introduced on Jul 13, 2017

This bill is in the first stage of the legislative process. It was introduced into Congress on July 13, 2017. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Sponsor:

Jeff Flake

Junior Senator from Arizona

Republican

Text:

Read Text »
Last Updated: Jul 13, 2017
Length: 8 pages

Prognosis:

1% chance of being enacted according to Skopos Labs (details)

History

Jul 13, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Pending
 
Ordered Reported

Pending
 
Passed Senate (House next)

Pending
 
Passed House

Pending
 
Signed by the President

S. 1552 is a bill in the United States Congress.

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

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“S. 1552 — 115th Congress: Debt Buy-Down Act.” www.GovTrack.us. 2017. September 24, 2017 <https://www.govtrack.us/congress/bills/115/s1552>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.