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H.R. 4866 106th Congress House

Debt Relief Reconciliation Act for Fiscal Year 2001

Official title: To provide for reconciliation pursuant to section 103(b)(1) of the concurrent resolution on the budget for fiscal year 2001 to reduce the public debt and to de… Show full official titleShow less

Official title: To provide for reconciliation pursuant to section 103(b)(1) of the concurrent resolution on the budget for fiscal year 2001 to reduce the public debt and to decrease the statutory limit on the public debt.

Introduced: July 17, 2000 See on congress.gov
Economics and Public Finance AppropriationsBudget deficitsBudget reconciliationBudget resolutions
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Budget surplusesCongressCongressional budgetCongressional budget processCongressional investigationsCongressional reporting requirementsDebt limitFederal budgetsFederal receipts and expendituresFinance and Financial SectorGovernment Operations and PoliticsGovernment publicationsGovernment publicityGovernment securitiesGovernment spending reductionsGovernment trust fundsOff-budget expendituresPublic debt
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 10 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 19, 2000
Received in the Senate and Read twice and referred to the Committee on Finance.
Jul 18, 2000
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Jul 18, 2000
Motion to reconsider laid on the table Agreed to without objection.
Jul 18, 2000
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 422 - 1 (Roll no. 409). (text: CR H6426-6427)
Jul 18, 2000
Considered as unfinished business.
Jul 18, 2000
DEBATE - The House proceeded with forty minutes of debate on H.R. 4866.
Jul 18, 2000
Considered under suspension of the rules. (consideration: CR H6437-6438)
Jul 18, 2000
Mr. Nussle moved to suspend the rules and pass the bill, as amended.
Jul 17, 2000
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 17, 2000
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Jul 18, 2000 House · vote #409 Motion to Suspend the Rules and Pass, as Amended Passed 422–1 See who voted →
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 Latest action July 19, 2000

Received in the Senate and Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service
Debt Relief Reconciliation Act for Fiscal Year 2001 - Amends Federal public finance provisions to establish the Public Debt Reduction Payment Account in the Treasury. Requires the Secretary of the Treasury to use amounts in the Account to pay at maturity, or redeem or buy before maturity, any Government obligation held by the public and included in the public debt. Provides that any obligation which is paid, redeemed, or bought with amounts from the Account shall be canceled and retired and prohibits its reissuance.

Appropriates funds for the Account. Prohibits such appropriation from being considered as direct spending for purposes of pay-as-you-go provisions of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).

Reduces the public debt limit by the amount appropriated into the Account.

Bars Account receipts and disbursements from being counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of : (1) the Federal Government budget as submitted by the President; (2) the congressional budget; or (3) the Gramm-Rudman-Hollings Act.

Requires the Secretary to report to specified congressional committees on the Account.

 Related & companion bills 1
  • HR 4601 Debt Reduction Reconciliation Act of 2000
 Bill text 3 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
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APA
U.S. Congress. (2026). H.R. 4866: Debt Relief Reconciliation Act for Fiscal Year 2001. 106th Congress. Open America. https://openamerica.io/bill/106-HR-4866/
MLA
"H.R. 4866: Debt Relief Reconciliation Act for Fiscal Year 2001." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-4866/.
Bluebook (legal)
H.R. 4866, 106th Cong. (2026), https://openamerica.io/bill/106-HR-4866/.
Markdown link
[H.R. 4866: Debt Relief Reconciliation Act for Fiscal Year 2001](https://openamerica.io/bill/106-HR-4866/)
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