summary
Introduced
07/15/2015
07/15/2015
In Committee
07/15/2015
07/15/2015
Crossed Over
Passed
Dead
01/03/2017
01/03/2017
Introduced Session
114th Congress
Bill Summary
Giveback Deficit Reduction Act This bill requires appropriations for Member's Representational Allowances for the House of Representatives that remain at the end of the fiscal year to be deposited in the Treasury and used for deficit or debt reduction. The Member's Representational Allowance is the budget authorized for each Member of Congress in support of the conduct of official and representational duties.
AI Summary
This bill, known as the Giveback Deficit Reduction Act, mandates that any unspent funds from the Member's Representational Allowance (MRA) for the House of Representatives at the end of a fiscal year must be returned to the U.S. Treasury. The MRA is the budget allocated to each Member of Congress to cover the costs of their official duties and representation of their constituents. These returned funds will then be applied towards reducing the national deficit or, if there is no deficit in a given fiscal year, towards reducing the national debt. The bill specifies that this requirement applies to fiscal year 2015 and all subsequent years, and grants the Committee on House Administration the authority to create regulations for its implementation.
Committee Categories
Government Affairs
Sponsors (4)
Last Action
Referred to the House Committee on House Administration. (on 07/15/2015)
Official Document
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