S 2620 · 94th Congress · Economics and Public Finance
A bill to provide for adjusting the amount of interest paid on funds deposited with the Treasury of the United States pursuant to the act of August 20, 1912 (37 Stat. 319).
Bill Progress
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EnactedLatest: Public law 94-290.(1976-05-22)
Plain Language Summary
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Provides that the rate of interest paid on funds deposited with the Treasury of the United States as the bequest of Gertrude M. Hubbard shall be 0.25 percentage points less than a rate determined by the Secretary of the Treasury or four percent, whichever is greater (previously the interest rate was four percent).…
Summarized by Claude AI · Non-partisan · For informational purposes only