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 $726,900,000,000 until August 12, 1982. Repeals Public Law 97-49 which provided for an increase in the temporary public debt limit of $679,800,000,000. Permits the Secretary of the Treasury, with the approval of the President, to provide for increases and decreases in the investment yield on any outstanding United States savings bond, except that the investment yield on any bond for the period held may not be decreased below the minimum yield for such period guaranteed at the time of its issuance. Declares that, in the case of any savings bond issued before the 30th day after enactment of this Act, the minimum yield guaranteed for the period held shall be the scheduled investment yield for such period in effect on such 30th day. Increases to $100,000,000,000 the limit on the face amount of bonds issued to the public under the Second Liberty Bond Act.

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

Timeline

1. 15 June 1982

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 15 June 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 June 1982

   Introduced

   Introduced in House

   Source: IntroReferral

4. 16 June 1982

   Calendars

   Placed on Union Calendar No: 374.

   Source: Calendars

5. 16 June 1982

   Reported

   Reported to House by House Committee on Ways and Means. Report No: 97-609.

   Source: Committee

6. 16 June 1982

   Reported

   Reported to House by House Committee on Ways and Means. Report No: 97-609.

   Source: Committee

7. 16 June 1982

   Reported

   Ordered to be Reported (Amended).

   Source: Committee

8. 17 June 1982

   Floor

   Committee on Rules Granted a Modified Closed Rule. One Hour of Debate. Partial Waiver of Points of Order.

   Source: Floor

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in House

  summary · EN · 15 June 1982

  Open at official source

Sponsors

• Rep. Rostenkowski, Dan [D-IL-8] · D · Sponsor
• · hswm00 · Standing

Related records

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