PlainBillCongress, translated.Legislation. Context. Public interest.Received in the Senate.
Congressional Research Service
Version 00 · Introduced in House · Nov 13, 1995
Prohibits a U.S. officer or employee from: (1) delaying the deposit or credit of any amount into any Federal fund, otherwise varying from normal procedures for making deposits or credits, or refraining from investments in public debt obligations of amounts in such fund if the purpose of such action or inaction is to not increase the amount of outstanding public debt obligations; and (2) disinvesting amounts in any such fund which are invested in public debt obligations if a purpose is to reduce the amount of outstanding public debt obligations. Prescribes that during any period for which cash benefits or administrative expenses would not be payable from a covered benefits fund because of an inability to issue further public debt obligations due to the applicable public debt limit, such obligations held by a covered benefits fund will only be sold or redeemed for payment of: (1) such benefits; or (2) administrative expenses and only if cash assets of such fund are not available from month to month for the purpose of making such payments. Authorizes the Secretary of the Treasury to notify each House of the Congress and the Comptroller General not less than three days before an expected sale or redemption.
People & committees
Rep. Archer, Bill [R-TX-7] · R–TX
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Received in the Senate.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed by recorded vote: 235 - 103, 77 Present (Roll no. 862).
House roll call 862 · Individual votesPassed/agreed to in House: On passage Passed by recorded vote: 235 - 103, 77 Present (Roll no. 862).
House roll call 862 · Individual votesOn motion to recommit with instructions Failed by the Yeas and Nays: 190 - 229 (Roll no. 861). (consideration: CR H14899)
House roll call 861 · Individual votesThe previous question on the motion to recommit with instructions was ordered without objection.
DEBATE - The House proceeded with ten minutes of debate on the Gibbons motion to recommit.
Mr. Gibbons moved to recommit with instructions to Ways and Means.
The previous question was ordered pursuant to the rule.
DEBATE - The House proceeded with one hour of debate.
Rule provides for consideration of H.R. 2621 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Providing for the consideration of the bill in the House. A specified amendment is in order. Upon adoption of this resolution, the amendment printed in the report accompanying this resolution shall be considered as having been adopted.
Considered under the provisions of rule H. Res. 293. (consideration: CR H14885-14899)
Rule H. Res. 293 passed House.
Rules Committee Resolution H. Res. 293 Reported to House. Rule provides for consideration of H.R. 2621 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Providing for the consideration of the bill in the House. A specified amendment is in order. Upon adoption of this resolution, the amendment printed in the report accompanying this resolution shall be considered as having been adopted.
On motion to suspend the rules and pass the bill Failed by recorded vote (2/3 required): 247 - 179 (Roll No. 791). (consideration: CR H12247-12248)
House roll call 791 · Individual votesFailed of passage/not agreed to in House: On motion to suspend the rules and pass the bill Failed by recorded vote (2/3 required): 247 - 179 (Roll No. 791).(consideration: CR H12247-12248)
House roll call 791 · Individual votesConsidered as unfinished business. (consideration: CR H12232-12238)
VOTE POSTPONED - At the conclusion of debate, the Chair put the question on the motion to suspend the rules and announced that, by voice vote, the measure was not agreed to. Mr. McCrery objected to the vote on grounds that a quorum was not present, and made a point of order that a quorum was not present. Pursuant to clause 5, rule I, the Speaker announced that the vote would be postponed until later in the day.
DEBATE - The House proceeded with forty minutes of debate.
Considered under suspension of the rules.
Mr. Archer moved to suspend the rules and pass the bill.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.
AI Conversation Starters
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Analyze H.R.2621 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine H.R.2621 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
Examine H.R.2621 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.
Examine H.R.2621 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.