H.R. 7029 · 110th Congress
National Debt Reduction Trust Fund Act of 2008
- Stage
- In committee
- Sponsor
- Lee Terry
- Introduced
- 2008-09-23
- Latest action
- 2008-09-29 · Referred to the Subcommittee on Energy and Mineral Resources.
Summary
National Debt Reduction Trust Fund Act of 2008 - Establishes in the Treasury the National Debt Reduction Trust Fund. Requires the Secretary of the Treasury to transfer to such Trust Fund revenues attributable to the exploration for, development of, or production of oil, natural gas, or oil shale located on federal lands in Alaska or the Outer Continental Shelf and to use such revenues to reduce the national debt.