H.R. 11180 — 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. | PoliFocus

H.R. 1118095th Congress

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.

Subjects

Economics and Public Finance

View Vote Breakdown

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 of one percent for any interest accrual period to be paid as a bonus either on redemption or maturity.

Full Text

Related Legislation

H.Res. 1056A resolution providing for the consideration of the bill (H.R. 11180) 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.
1978-03-07Measure passed House, roll call #108 (285-115).
Related

Legislative Actions

1978-02-28
Introduced in House
1978-02-28
Introduced in House
1978-02-28
Referred to House Committee on Ways and Means.
1978-02-28
Referred to House Committee on Rules.
1978-03-03
Reported to House from the Committee on Ways and Means, H. Rept. 95-923 (Part I).
1978-03-03
Reported to House from the Committee on Ways and Means, H. Rept. 95-923 (Part I).
1978-03-07
Measure called up by special rule in House.
1978-03-07
Measure considered in House.
1978-03-07
Motion to recommit to the Committee on Ways and Means rejected in House.
1978-03-07
Failed of passage/not agreed to in House: Measure failed of passage in House, roll call #111 (165-248).
Roll Call #111 (House)
1978-03-07
Measure failed of passage in House, roll call #111 (165-248).
Roll Call #111 (House)

Ask about this bill

checking server…

Ask anything about this bill. The AI reads the full text to answer.

Enter to send · Shift+Enter for new line