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

Summary

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.

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Versions

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Documents

2 official files

• Failed of passage in House

  summary · EN · 28 February 1979

  Open at official source

• Introduced in House

  summary · EN · 8 February 1979

  Open at official source

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