Amendment requires that all the net savings in the bill be used for deficit reduction by creating a deficit reduction lockbox into which such savings would be deposited.

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Amendment Number
301
Description
Amendment requires that all the net savings in the bill be used for deficit reduction by creating a deficit reduction lockbox into which such savings would be deposited.
Purpose
An amendment to require that all the net savings in the bill be used for deficit reduction. The amendment creates a so-called "lockbox" into which such savings would be deposited. The amendment prohibits using these funds for any other purpose except reducing the public debt.
Congress
104
Type
HAMDT
Latest Action Date
Mar 15, 1995
Latest Action Text
On agreeing to the Obey amendment (A009) Agreed to by recorded vote: 418 - 5 (Roll no. 243).
Latest Action Time
20:48:40
Submitted Date
Mar 15, 1995
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 301 — Informed