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 $430,000,000,000 until September 30, 1979. Increases the face amount of bonds with interest rates exceeding four and one-half percent which may be outstanding at any time to $40,000,000,000. Authorizes the Secretary of the Treasury, with the approval of the President, to increase the investment yield on any United States savings bonds above five and one-half percent provided such yield does not exceed seven percent per annum compounded semi-annually.

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Votes

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Versions

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Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 3 April 1979

  ViewDownloadOpen at official source

• Passed Senate amended

  summary · EN · 27 March 1979

  Open at official source

• Introduced in House

  summary · EN · 1 March 1979

  Open at official source

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