Amends the Second Liberty Bond Act to direct the Secretary of the Treasury to fix the investment yield on any United States savings bond at a yield which makes such bond competitive with comparable investments. Prohibits the investment yield on such bonds from exceeding 85 percent of the average investment yield for the most recent auction (before the week in which the certificate is issued) of United States Treasury bills with maturities of 52 weeks.
Referred to House Committee on Ways and Means.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Committee on Finance requested executive comment from OMB; Treasury Department.
Subcommittee on Taxation and Debt Management. Hearings held.
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