A bill to prohibit the issuance in bearer form of Treasury obligations or of securities which are interests in Treasury obligations, and for other purposes.

[AI summary unavailable — showing source text] Requires that every obligation of the United States be in registered form. Amends the Internal Revenue Code to treat any Government-backed security as a registration-required obligation for purposes of the income tax deduction for interest paid or accrued on indebtedness. Imposes a three percent excise tax on the issuer of registration-required U.S. Government-backed securities which are not issued in registered form. Provides that the issue price of any U.S. Government-backed security shall be treated as the principal amount of the obligation. Imposes a 30 percent withholding tax on interest received by non-resident aliens from U.S. Government-backed securities.…