A bill to protect funds invested in series E U.S. savings bonds from inflation and to encourage persons to provide for their own security.

[AI summary unavailable — showing source text] Excludes from gross income under the Internal Revenus Code the interest on series E U.S. savings bonds where the purchasing power of such interest and the price paid for such bond is less than the purchasing power of the price paid for such bond. (Amends 26 U.S.C. 121)…