United States · Bill · HR
H.R. 516 (101st)
Gold-Backed Bond Act of 1989
Introduced
19 January 1989
Last action
—
Status
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Insurance.
Sponsors
—
Subjects
Discovery layer
Source updated
26 August 2025
Summary
Gold-Backed Bond Act of 1989 - Authorizes the Secretary of the Treasury to issue obligations which are redeemable at maturity in gold and which: (1) have a face value of $10,000; (2) have an annual investment yield of two percent; and (3) mature ten years after the date of issuance. Restricts the sale of such obligations to holders of accounts in insolvent financial institutions whose accounts are insured by either the Federal Savings and Loan Insurance Corporation or the Federal Deposit Insurance Corporation.
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Documents
2 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN
Introduced in House
summary · EN · 19 January 1989
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/101st-congress/house-bill/516
- Open data entity: https://api.congress.gov/v3/bill/101/hr/516