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.

Introduced 1979-02-08· Sponsored by Rep. Ullman, Al [D-OR-2]· House

Bill Progress

Introduced
Committee
3
House Vote
4
Senate
5
Enacted
Latest: 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

[AI summary unavailable — showing source text] 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