A bill to increase the public debt limit through March 1, 1979, to provide that thereafter the public debt limit shall be established pursuant to the congressional budget procedures and to improve debt management.

Summary

Title I: Increases in Public Debt Limit Through March 1, 1979; Improvement of Debt Management - Increases the public debt limit by $424,000,000,000 during the period beginning on April 1, 1978, and ending on March 1, 1979. Amends the Second Liberty Bond Act to increase, by $6,000,000,000, the amount of bonds which may be issued at a rate above four and one-quarter percent. Removes the limitation which prevents the increase of interest rates and investment yields on any offering of United States savings bonds by more than one-half of one percent for any interest accrual period to be paid as a bonus either on redemption or maturity. Title II: Establishment of Public Debt Limit Pursuant to Congressional Budget Procedures - Amends the Second Liberty Bond Act to limit the public debt to the amount specified in the concurrent resolution on the congressional budget most recently adopted.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Failed of passage in House

  summary · EN · 7 March 1978

  Open at official source

• Introduced in House

  summary · EN · 28 February 1978

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.