Amends the Second Liberty Bond Act to permit the Secretry of the Treasury to issue United States silver bonds. Requires the deposit of the net proceeds of any such bonds in the National Defense Stockpile Transaction Fund solely for the acquisition of strategic and critical materials.
Requires any payment of interest, or any payment at redemption, to be paid in silver, or the current dollar equivalent, except that any payment of silver shall be out of the silver stockpile.
Introduced in Senate
Read twice and referred to the Committee on Banking.
Committee on Banking requested executive comment from Treasury Department; GSA.
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