H.R.8014 - Victory Bonds Act of 2020116th Congress (2019-2020)
|Sponsor:||Rep. Larson, John B. [D-CT-1] (Introduced 08/11/2020)|
|Committees:||House - Ways and Means; Energy and Commerce; Small Business|
|Latest Action:||House - 08/11/2020 Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, and Small Business, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (All Actions)|
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Summary: H.R.8014 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (08/11/2020)
Victory Bonds Act of 2020
This bill authorizes the Department of the Treasury to issue bonds, to be known as United States Victory Bonds, to aid in the funding of public health operations and small business assistance during the COVID-19 (i.e., coronavirus disease 2019) pandemic.
Funds received from the sale of the bonds must be used without further appropriation for (1) the public health response to COVID-19, including testing, treatment, tracing, and vaccine development; (2) assistance for small businesses impacted by COVID-19; and (3) future pandemic response preparations following the conclusion of the pandemic.