H.R. 1894 — A bill to provide for a temporary increase in the public debt limit, and for other purposes.

(Measure failed of passage in House, roll call #17 (194-222))

Amends the Second Liberty Bond Act to increase the temporary public debt limit by $436,000,000,000 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.

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

Sponsors

Subjects

Summary

Legislative Actions

Ask about this bill