A bill to amend section 5590 of the Revised Statutes to provide for adjusting the rate of interest paid on funds of the Smithsonian Institution deposited with the Treasury of the United States as a permanent loan.

Permits the adjustment of interest (currently limited to six percent per annum) paid on funds of the Smithsonian Institution which are deposited with the Treasury for the perpetual maintenance and support of the Smithsonian Institution. Requires investment of such funds in public debt securities with maturities bearing interest at rates which take into consideration the current average market yield on outstanding marketable obligations of the United States of comparable maturities.