114-hr-4496114th Congress

FUNDS Act

Sponsored By: Representative Schweikert, David [R-AZ-1]

Unknown

Summary

Funding Unpaid National Debt with Settlements Act or the FUNDS Act This bill requires funds collected by the federal government through legal settlements, fines, and penalties (excluding penalties or interest collected by the Internal Revenue Service under the Internal Revenue Code) to be deposited in the general fund of the Treasury for deficit reduction. (Under current law, federal agencies are permitted to spend funds from certain settlements, fines, and penalties for specified purposes.)

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Schweikert, David [R-AZ-1]

AZ • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation