Summary: H.R.1442 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.1442. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (04/06/1995)

Check-Off for Our Children Act - Amends the Internal Revenue Code to allow individuals to designate on their income tax returns that a portion of any overpayment or any cash contribution shall be used to reduce the public debt. Directs the Secretary of the Treasury to transfer such amounts to the special account in the Treasury for the receipt of gifts. Requires annual reports to the Congress regarding such amounts.