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United States · Bill · HR

H.R. 6315 (98th)

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.

referredUnited States· United States Congress· EN

Introduced

26 September 1984

Last action

26 September 1984 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Russo, Martin A. [D-IL-3], Rep. Miller, George [D-CA-11], Sen. Schumer, Charles E. [D-NY], Rep. Stark, Fortney Pete [D-CA-13], Rep. Downey, Thomas J. [D-NY-2], Rep. Gephardt, Richard A. [D-MO-3], Sen. Dorgan, Byron L. [D-ND], Rep. Guarini, Frank J. [D-NJ-14], Rep. Rangel, Charles B. [D-NY-15], Rep. Kennelly, Barbara B. [D-CT-1], Rep. Hance, Kent R. [D-TX-19], Rep. Matsui, Robert T. [D-CA-5], Rep. Jenkins, Edgar L. [D-GA-9], Rep. Flippo, Ronnie G. [D-AL-5], Rep. Jacobs, Andrew, Jr. [D-IN-10], Rep. Anthony, Beryl, Jr. [D-AR-4], Rep. Ford, Harold E. [D-TN-9], Rep. Heftel, Cecil [D-HI-1], Rep. Smith, Lawrence [D-FL-16], Rep. Oberstar, James L. [D-MN-8], Rep. Weiss, Ted [D-NY-17], Rep. Burton, Sala [D-CA-5], Rep. Sabo, Martin Olav [D-MN-5], Rep. Dellums, Ronald V. [D-CA-9], Rep. Minish, Joseph G. [D-NJ-11], Rep. Addabbo, Joseph P. [D-NY-6], Rep. Murtha, John P. [D-PA-12], Rep. Hoyer, Steny H. [D-MD-5], Rep. Edgar, Robert W. [D-PA-7], Rep. Long, Clarence D. [D-MD-2], Rep. Mitchell, Parren J. [D-MD-7], Rep. Dicks, Norman D. [D-WA-6], Rep. Panetta, Leon [D-CA-16], Rep. Coelho, Anthony Lee [D-CA-15], Rep. Foley, Thomas S. [D-WA-5], Rep. Morrison, Bruce A. [D-CT-3], Sen. Boxer, Barbara [D-CA], Rep. Evans, Lane [D-IL-17], Rep. Lipinski, William O. [D-IL-3], Rep. Mrazek, Robert J. [D-NY-3], Rep. McCloskey, Frank [D-IN-8], Rep. Ackerman, Gary L. [D-NY-5], Rep. Levin, Sander M. [D-MI-12], Rep. Kleczka, Gerald D. [D-WI-4], Rep. Lowry, Mike [D-WA-7], Rep. Hughes, William J. [D-NJ-2], Rep. Gejdenson, Sam [D-CT-2], Rep. Hefner, W. G. (Bill) [D-NC-8]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Requires that every obligation of the United States be issued in registered form. Amends the Internal Revenue Code to prohibit the issuance in bearer form of securities which are interests in U.S. Government-backed securities. 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 foreigners from U.S. Government-backed securities.

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

Timeline

  1. 26 September 1984

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 26 September 1984

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 26 September 1984

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

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Documents

1 official file

Leesvertaling

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Sponsors

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Related records

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Sources

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