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United States · Bill · HR

H.R. 952 (102nd)

Providing authorization for the issuing of Persian Gulf War Bonds and Savings and Loan Refinancing Bonds.

openUnited States· United States Congress· EN

Introduced

19 February 1991

Last action

Status

Unfavorable Executive Comment Received from Treasury.

Sponsors

Subjects

Discovery layer

Source updated

6 June 2025

Summary

Persian Gulf War Bond Act of 1991 - Title I: Persian Gulf War Bonds - Directs the Secretary of the Treasury (the Secretary) to issue bonds to pay for Federal expenditures associated with the Persian Gulf conflict that will not be paid for by contributions from foreign countries. Prescribes issuance guidelines. Encourages the Secretary of Defense to make all possible efforts to secure purchase of this issuance by those involved in contracts for weapons programs. Authorizes the Secretary to make substitute financing offerings to bring about the same result. Title II: Savings and Loan Refinancing Bonds - Savings and Loan Refinancing Bond Act of 1991 - Directs the Secretary to issue bonds the proceeds of which shall be used for Federal expenditures associated with obligations resulting from savings and loan failures. Prescribes issuance guidelines.

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2 official files

Introduced in House (text)

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