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HR 2972 101th Congress House Health Budget deficits Congressional budget Drug abuse Drugs Federal budgets Government securities Government spending reductions Government trust funds Income tax Narcotic traffic Off-budget expenditures Prisons Privatization Tax exclusion Tax refunds

Drug War Bond Act of 1989

Introduced: July 21, 1989 See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 25, 1990
Committee Hearings Held.
Dec 31, 1989
Referred to the Subcommittee on the Legislative Process.
Aug 24, 1989
Referred to the Subcommittee on Select Education.
Aug 24, 1989
Referred to the Subcommittee on Postsecondary Education.
Aug 24, 1989
Referred to the Subcommittee on Elementary, Secondary and Vocational Education.
Aug 17, 1989
Referred to the Subcommittee on Crime.
Jul 27, 1989
Referred to the Subcommittee on Legislation and National Security.
Jul 21, 1989
Referred to the House Committee on Rules.
Jul 21, 1989
Referred to the House Committee on Government Operations.
Jul 21, 1989
Referred to the House Committee on Education and Labor.
Jul 21, 1989
Referred to the House Committee on Judiciary.
Jul 21, 1989
Referred to the House Committee on Ways and Means.
Jul 21, 1989
Introduced in House
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 Plain-English summary Congressional Research Service

Drug War Bond Act of 1989 - Directs the Secretary of the Treasury to issue: (1) Drug War Bonds for a three-year period with a 12-year maturity date; and (2) Drug War Stamps to evidence payments for or on account of such bonds.

Amends the Internal Revenue Code to exclude the interest earned on such War Bonds from an individual's gross income. Authorizes a taxpayer to designate a specified portion of any tax overpayment or make cash contributions to the War on Drugs Trust Fund (established by this Act).

Authorizes the Attorney General to make expenditures from the Department of Justice Assets Forfeiture Fund into the War on Drugs Trust Fund.

Amends the Internal Revenue Code to establish the War on Drugs Trust Fund. Transfers to such Fund: (1) proceeds from the sale of Drug War Bonds and stamps; and (2) certain cash contributions and portions of tax overpayments. Prescribes expenditures from the War on Drugs Trust Fund, including the construction of Federal prison facilities and education and rehabilitation programs.

Precludes the receipts and disbursements from the War on Drugs Trust Fund from being included in either the congressional budget totals or in the budget totals as submitted by the President. Exempts the receipts and expenditures from the War on Drugs Trust Fund from: (1) statutory expenditure and lending limitations; and (2) certain orders issued under the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).

Requires the Secretary to report to the Congress on programs established by this Act. Directs the Attorney General to make recommendations to the Congress regarding the merits of privatizing Federal prisons.

What's happening now April 25, 1990

Committee Hearings Held.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 11
 Cosponsors 8
All 8 Democratic 6 Republican 2
D
Neal, Richard E.
Massachusetts · Oct 25, 1989
 D
Markey, Edward J.
Massachusetts · Oct 20, 1989
 D
Mfume, Kweisi
Maryland · Oct 20, 1989
 D
Pallone, Frank
New Jersey · Oct 20, 1989
 D
Hoyer, Steny H.
Maryland · Oct 12, 1989
 R
Rogers, Harold
Kentucky · Sep 21, 1989
 D
Durbin, Richard J.
Illinois · Sep 11, 1989
 R
Smith, Christopher H.
New Jersey · Sep 11, 1989
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2972: Drug War Bond Act of 1989. 101st Congress. Open America. https://openamerica.io/bill/101-HR-2972/
MLA
"H.R. 2972: Drug War Bond Act of 1989." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-2972/.
Bluebook (legal)
H.R. 2972, 101st Cong. (2026), https://openamerica.io/bill/101-HR-2972/.
Markdown link
[H.R. 2972: Drug War Bond Act of 1989](https://openamerica.io/bill/101-HR-2972/)
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