Summary: H.R.11893 — 94th Congress (1975-1976)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House amended (02/25/1976)

(Measure passed House, amended, roll call #69 (212-189))

Provides, under the Second Liberty Bond Act, for a temporary increase in the public debt limit by $227,000,000,000, to be effective from the date of enactment of this Act through June 30, 1976.

Increases the limitation from $10,000,000,000 to $12,000,000,000 on the amount of bonds that may be issued by the Secretary of the Treasury bearing interest above four and one-fourth percent.

Redefines notes which may be issued by the Secretary to include those with maturities of up to ten years.

Sets the minimum investment yield on series E savings bonds at four percent.