HR 560 · 93th Congress · Economics and Public Finance

A bill to amend section 21 of the Second Liberty Bond Act to provide for the retirement of the public debt.

Introduced 1973-01-03· Sponsored by Rep. Fuqua, Don [D-FL-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-01-03)

Plain Language Summary

[AI summary unavailable — showing source text] Requires in each budget submitted to the Congress by the President an item requesting an appropriation equal to 1 percent of the aggregate face amount of the obligations (not including those held by the Secretary of the Treasury) outstanding on July 1 of the year of enactment of this Act, which item shall be used exclusively for the retirement of such public debt. (Amends 31 U.S.C. 757b)…

Summarized by Claude AI · Non-partisan · For informational purposes only