HR 12642 · 95th Congress · Government securities

A bill to improve debt management.

Introduced 1978-05-10· Sponsored by Rep. Ullman, Al [D-OR-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Reported to House from the Committee on Ways and Means, H. Rept. 95-1144.(1978-05-12)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Second Liberty Bond Act to increase, by $10,000,000,000, the amount of bonds which may be issued at a rate above four and one-half percent. Permits the Secretary of the Treasury, with the approval of the President, to increase the interest rates and the investment yields on any offerings of United States savings bonds for any interest accrual period.…

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