HR 2534 · 96th Congress · Economics and Public Finance

A bill to provide for a temporary increase in the public debt limit, and for other purposes.

Introduced 1979-03-01· Sponsored by Rep. Ullman, Al [D-OR-2]· House

Bill Progress

1
Introduced
2
Committee
House Vote
Senate
Enacted
Latest: Public Law 96-5.(1979-04-02)

Recorded Votes

PassedSenate · 1979-03-27
Yea 62Nay 33
PassedSenate · 1979-03-27
Yea 62Nay 33
PassedHouse · 1979-03-15
Yea 212Nay 195
PassedHouse · 1979-03-15
Yea 212Nay 195

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Second Liberty Bond Act to increase the temporary public debt limit by $430,000,000,000 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 seven percent per annum compounded semi-annually.…

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