Summary: H.R.29 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.29. Bill summaries are authored by CRS.

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Introduced in House (01/04/1995)

Authorizes the heads of designated Federal agencies to use up to 50 percent of unobligated funds for administrative expenses for bonuses to personnel, with the remainder to be deposited in the general fund of the Treasury and used exclusively for deficit reduction.

Requires the Director of the Office of Management and Budget to designate such agencies and to report annually to the Congress on the effectiveness of this Act in reducing the deficit.