An act to facilitate the management of the public debt by permitting an increase in the investment yield on United States savings bonds above the existing 7 percentum ceiling, and by increasing the amount of the bonds paying interest in excess of 4 1/4 percentum which may be outstanding.

Summary

Amends the Second Liberty Bond Act to raise the ceiling on the investment yield on U.S. savings bonds from seven percent to eight and one-half percent. Increases the face amount of bonds with interest rates exceeding four and one-half percent which may be outstanding at any time from $50,000,000,000 to $54,000,000,000 (effective on enactment) and to $70,000,000,000 (effective October 1, 1980).

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Documents

4 official files

• Public Law (PDF)

  Public Law · EN · 4 October 1980

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• Passed House amended

  summary · EN · 28 July 1980

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• Reported to House with amendment(s)

  summary · EN · 22 July 1980

  Open at official source

• Introduced in House

  summary · EN · 3 June 1980

  Open at official source

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