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Search Results: keywords:"debt reduction fund"

  • S. 168 aims to reduce the national debt of the United States by establishing a "Debt Reduction Fund" within the U.S. Treasury. The bill mandates that 25% of revenues from Federal oil and gas lease sales and activities related to Executive Order 14141 on artificial...

    Simple Explanation

    The bill wants to save money from oil and gas sales and some tech stuff to help pay off the United States' big money bills, kind of like using part of your allowance to pay off a loan.

  • S. 5623 aims to establish a Debt Reduction Fund within the U.S. Treasury to help decrease the national debt. The bill proposes that 25% of the revenue from Federal oil and gas lease sales be deposited into this fund. The money collected is to be used exclusively to reduce the...

    Simple Explanation

    S. 5623 is like a big piggy bank for the United States to help pay off its huge credit card bill. It wants to save money from selling oil and gas to pay back what it owes, making sure that once a year, it tells everyone how much money it has put in and how much debt has been reduced.