H.R.11893 - An Act to increase the temporary debt limit, and for other purposes.94th Congress (1975-1976)
|Sponsor:||Rep. Ullman, Al [D-OR-2] (Introduced 02/17/1976)|
|Committees:||House - Ways and Means | Senate - Finance|
|Committee Reports:||S.Rept 94-687; H.Rept 94-837|
|Latest Action:||03/15/1976 Public law 94-232. (All Actions)|
|Roll Call Votes:||There has been 1 roll call vote|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.11893 — 94th Congress (1975-1976)All Information (Except Text)
(Measure passed House, amended, roll call #69 (212-189))
Passed House amended (02/25/1976)
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.