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United States · Bill · HR

H.R. 5709 (96th)

A bill to amend the Second Liberty Bond Act to provide that individuals age 65 or older who purchase certain United States savings bonds shall be paid a rate of interest which is 2 percent higher than the rate of inflation.

referredUnited States· United States Congress· EN

Introduced

25 October 1979

Last action

25 October 1979 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Roybal, Edward R. [D-CA-25], Rep. Rosenthal, Benjamin S. [D-NY-8], Rep. Mitchell, Parren J. [D-MD-7], Rep. St Germain, Fernand J. [D-RI-1], Rep. Pepper, Claude [D-FL-18], Rep. Biaggi, Mario [D-NY-19], Rep. Burton, John [D-CA-5], Rep. Clinger, William F., Jr. [R-PA-5], Rep. Conyers, John, Jr. [D-MI-13], Rep. Duncan, John J. [R-TN-2], Rep. Edwards, Don [D-CA-10], Rep. Garcia, Robert [D-NY-18], Rep. Hollenbeck, Harold C. [R-NJ-9], Rep. Hubbard, Carroll, Jr. [D-KY-1], Rep. Mottl, Ronald M. [D-OH-23], Rep. Pursell, Carl D. [R-MI-2], Rep. Richmond, Frederick W. [D-NY-14], Rep. Waxman, Henry A. [D-CA-33]

Subjects

Discovery layer

Source updated

7 February 2024

Official sourceView documentsShare

Summary

Amends the Second Liberty Bond Act to authorize the Secretary of the Treasury to issue to any individual 65 years of age or older up to $3,000 in savings bonds which mature no later than six months from the date of purchase. Establishes the investment yield on such bonds upon redemption or at maturity at either two percent above the percentage increase in the consumer price index during the period most closely corresponding to the holding period of the bond, or the maximum investment yield allowed by law, whichever is greater. Limits the total amount of such bonds which may be issued and outstanding at any time to $20,000,000,000.

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

Timeline

  1. 25 October 1979

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 25 October 1979

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 25 October 1979

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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