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H.R. 1358: Returned Exclusively For Unpaid National Debt Act

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H.R. 1358: Returned Exclusively For Unpaid National Debt Act

112th Congress · introduced 2011-04-04 · Economics and Public Finance · Latest: Referred to the House Committee on Appropriations.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2011-04-04 · official record
  2. Who proposed it: Rep. Rehberg, Denny [R-MT-At Large] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Appropriations. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Returned Exclusively For Unpaid National Debt Act

Plain summary

Returned Exclusively For Unpaid National Debt Act or REFUND Act - Rescinds unwanted amounts, as identified by a state from a projected allocation, from any federal funds required to be allocated by formula among all states that agree to use them for a specified purpose. Prescribes a procedure by which a state legislature may identify a projected federal allocation as unwanted funds. Requires such rescinded amounts to: (1) be deposited by the Secretary of the Treasury in the special fund account entitled "Gifts to Reduce Debt Held by the Public, Bureau of the Public Debt, Treasury"; and (2) be used to reduce the federal debt.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Returned Exclusively For Unpaid National Debt Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Rehberg, Denny [R-MT-At Large] · 28 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Bill Cassidy (R-LA), Mike Rogers (R-AL), Vern Buchanan (R-FL), Pete Sessions (R-TX), Darrell Issa (R-CA), Mario Diaz-Balart (R-FL), Tim Walberg (R-MI)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Legislature
The elected body that makes laws. In Texas it has a House of Representatives (150 members) and a Senate (31 members). In Florida it has a House of Representatives (120 members) and a Senate (40 members).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong112-hr1358 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112