Section 1 Short title
This Act may be cited as the “Giveback Deficit Reduction Act”.
Giveback Deficit Reduction Act
A BILL
To require any amounts remaining in Members’ Representational Allowances at the end of a fiscal year to be deposited in the Treasury and used for deficit reduction or to reduce the Federal debt.
Sec. 2 Requiring amounts remaining in members’ representational allowances to be used for deficit reduction or to reduce the Federal debt
In general— Notwithstanding any other provision of law, any amounts appropriated for Members’ Representational Allowances for the House of Representatives for a fiscal year which remain after all payments are made under such Allowances for the year shall be deposited in the Treasury and used for deficit reduction, except that in the case of a fiscal year for which there is no Federal budget deficit, such amounts shall be used to reduce the Federal debt (in such manner as the Secretary of the Treasury considers appropriate).
Effective date— This section shall apply with respect to fiscal year 2019 and each succeeding fiscal year.
Sec. 3 Regulations
The Committee on House Administration of the House of Representatives shall have authority to prescribe regulations to carry out this Act.
Sec. 4 Definition
As used in this Act, the term “Member of the House of Representatives” means a Representative in, or a Delegate or Resident Commissioner to, the Congress.