Summary: H.R.2899 — 107th Congress (2001-2002)All Information (Except Text)

Bill summaries are authored by CRS.

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Passed House amended (10/23/2001)

Freedom Bonds Act of 2001 - Authorizes the Secretary of the Treasury to designate Freedom Bonds in response to the acts of terrorism perpetrated against the United States on September 11, 2001.

Instructs the Commissioner of the Public Debt to study and report to certain congressional committees on the administrative costs of the Bureau of the Public Debt associated with managing the public debt, including, with respect to the various types of debt instruments, interest rate costs and personnel and processing costs related to issuing, redeeming, and otherwise administering the instruments on both an annual basis and on a transaction basis.