An act to facilitate the management of the public debt by permitting an increase in the investment yield on United States savings bonds above the existing 7 percentum ceiling, and by increasing the amount of the bonds paying interest in excess of 4 1/4 percentum which may be outstanding.

[AI summary unavailable — showing source text] Amends the Second Liberty Bond Act to raise the ceiling on the investment yield on U.S. savings bonds from seven percent to eight and one-half percent. Increases the face amount of bonds with interest rates exceeding four and one-half percent which may be outstanding at any time from $50,000,000,000 to $54,000,000,000 (effective on enactment) and to $70,000,000,000 (effective October 1, 1980).…