HR 1894 · 96th Congress · Economics and Public Finance
A bill to provide for a temporary increase in the public debt limit, and for other purposes.
Bill Progress
✓
Introduced✓
Committee3
House Vote4
Senate5
EnactedLatest: Measure failed of passage in House, roll call #17 (194-222).(1979-02-28)
Recorded Votes
FailedHouse · 1979-02-28
Yea 194Nay 222
PassedHouse · 1979-02-28
Yea 194Nay 222
Plain Language Summary
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Amends the Second Liberty Bond Act to increase the temporary public debt limit by $436,000,000,000 until September 30, 1979. Increases the face amount of bonds with interest rates exceeding four and one-half percent which may be outstanding at any time to $40,000,000,000. Authorizes the Secretary of the Treasury, with the approval of the President, to increase the investment yield on any United States savings bonds above five and one-half percent provided such yield does not exceed six and one-half percent per annum compounded semi-annually.…
Summarized by Claude AI · Non-partisan · For informational purposes only