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).

Introduced 1975-11-05· Sponsored by Sen. Cannon, Howard W. [D-NV]· Senate

Bill Progress

1
Introduced
Committee
Senate Vote
House
Enacted
Latest: Public law 94-290.(1976-05-22)

Plain Language Summary

[AI summary unavailable — showing source text] 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