HR 2900 IH
107th CONGRESS
1st Session
H. R. 2900
To authorize the issuance of Victory Bonds in response to the acts of terrorism perpetrated against the United States on September 11, 2001, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
September 19, 2001
Mr. LAFALCE (for himself, Mr. KANJORSKI, Mrs. MALONEY of New York, Mr. GUTIERREZ, Mr. BENTSEN, Ms. HOOLEY of Oregon, Ms. SCHAKOWSKY, Mr. MOORE, Mr. GONZALEZ, Mrs. JONES of Ohio, Mr. CAPUANO, Mr. HINOJOSA, Mr. SHOWS, and Mr. CROWLEY) introduced the following bill; which was referred to the Committee on Ways and Means
--------------------------------------------------------------------------------
A BILL
To authorize the issuance of Victory Bonds in response to the acts of terrorism perpetrated against the United States on September 11, 2001, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Victory Bonds Act of 2001'.
SEC. 2. FINDINGS.
Congress finds that--
(1) a national tragedy occurred on September 11, 2001, whereby certain individuals tried to steal America's freedom;
(2) Americans stand together to resist all attempts to steal their freedom;
(3) united, Americans will be victorious over their enemies, whether known or unknown; and
(4) Americans must respond to this tragedy in a spirit not of revenge, but of justice.
SEC. 3. AUTHORIZATION FOR THE ISSUANCE OF VICTORY BONDS.
Section 3102 of title 31, United States Code, is amended by adding at the end the following:
`(f) ISSUANCE OF VICTORY BONDS-
`(1) IN GENERAL- The Secretary shall issue bonds under this section, to be known as `Victory Bonds', in response to the acts of terrorism perpetrated against the United States on September 11, 2001.
`(2) USE OF PROCEEDS- Proceeds from the issuance of Victory Bonds shall be used to raise funds to assist in recovery and relief operations following the terrorist acts referred to in paragraph (1), including humanitarian assistance, and to combat terrorism .
`(3) FORM- The bonds authorized by paragraph (1) shall be in such form and denominations, and shall be subject to such terms and conditions of issue, conversion, redemption, maturation, payment, and rate of interest as the Secretary may prescribe.'.
|
Source: U.S. Government Website |