95th Congress > House > Vote 794
Description: TO PASS H.R. 11180.
Bill summary: (Measure failed of passage in House, roll call #111 (165-248))
Amends the Second Liberty Bond Act to increase the public debt limit by $424,000,000,000 during the period beginning on April 1, 1978, and ending on March 1, 1979.
Increases by $6,000,000,000 the amount of bonds which may be issued at a rate above four and one-quarter percent.
Removes the limitation which prevents the increase of interest rates and investment yields on any offering of United States saving bonds by more than one-half
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of one percent for any interest accrual period to be paid as a bonus either on redemption or maturity.
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Bill titles: A bill to increase the public debt limit through March 1, 1979, to provide that thereafter the public debt limit shall be established pursuant to the congressional budget procedures and to improve debt management.
Original source documents: Digest of the Congressional Record vol. 124-31, p. 1736;
Links for more info on the vote: congress.gov
