,i #aacth ,,congress #ast ,session ,h4 ,r4 #ajag ,,in ,,the ,,house ,,of ,,representatives ,march #f1 #bjac ,mr4 ,poe of ,texas introduced the following bill2 which was referred to the ,committee on ,natural ,resources1 and in addition to the ,committee on ,agriculture1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to direct the ,secretary of the ,interior and the ,secretary of ,agriculture to sell certain ,federal land1 to direct that the proceeds of such sales be applied to reduce the ,federal budget deficit1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,american ,land ,act4 #b4 ,authorization to sell land 7a7 ,authorization ,for each of fiscal years #bjac through #bjag1 subject to valid existing rights1 the ,secretary of the ,interior or the ,secretary of ,agriculture1 as the case may be1 shall offer for competitive sale by auction all right1 title1 and interest1 to the extent provided in subsection 7b77#b71 in and to the following3 7#a7 ,eight percent of the ,federal land managed by the ,bureau of ,land ,management4 7#b7 ,eight percent of the ,national ,forest ,system land4 7b7 ,terms and conditions 7#a7 ,configuration of land ,the ,secretary concerned shall configure the land to be sold to maximize marketability or achieve management objectives1 and may prescribe such terms and conditions on the land sales authorized by this ,act as the ,secretary deems in the public interest4 7#b7 ,mineral rights ,for each fiscal year1 the ,secretary concerned may include in the sale of land under subsection 7a7 the mineral rights to such land for not more than #ej percent of the total acreage sold under subsection 7a7 by that ,secretary1 if the ,secretary determines that such inclusion is likely to maximize marketability4 #c4 ,proceeds from the sale of land ,all proceeds from the sale of land under this ,act shall be deposited into the ,treasury and applied-- 7#a7 to reduce the annual ,federal budget deficit for the fiscal year in which the sums are received1 except as provided in paragraph 7#b72 and 7#b7 if there is no annual ,federal budget deficit for the fiscal year in which the sums are received1 to reduce the outstanding ,federal debt4