Description: TO PASS H.R. 11893, A BILL TO INCREASE THE TEMPORARY DEBT LIMIT UNTIL JULY 1, 1976.
Bill summary: (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.
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Bill titles: An Act to increase the temporary debt limit, and for other purposes.; A bill to increase the temporary debt limit until July 31, 1976.
Original source documents: Digest of the Congressional Record vol. 122-25, p. H1297;
Links for more info on the vote: congress.gov