H.R.546 - Border Bonds for America Act of 2019116th Congress (2019-2020) |
|Sponsor:||Rep. Palazzo, Steven M. [R-MS-4] (Introduced 01/15/2019)|
|Committees:||House - Ways and Means; Homeland Security|
|Latest Action:||House - 02/04/2019 Referred to the Subcommittee on Border Security, Facilitation, and Operations. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.546 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (01/15/2019)
Border Bonds for America Act of 2019
This bill directs the Department of the Treasury to issue up to $5 billion in bonds in a fiscal year, with proceeds going into a trust fund for the construction of reinforced fencing, physical barriers, and related infrastructure for the southwest border with Mexico. Treasury may issue such bonds for 30 years from the bill's enactment date.
The bill also authorizes Treasury to accept gifts of money for the same purpose.