HR 3021 IH

107th CONGRESS

1st Session

H. R. 3021

To authorize the issuance of United States Defense of Freedom Bonds to aid in funding of the war against terrorism, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

October 4, 2001

Mr. BURTON of Indiana introduced the following bill; which was referred to the Committee on Ways and Means

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A BILL

To authorize the issuance of United States Defense of Freedom Bonds to aid in funding of the war against terrorism, 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 `United States Defense of Freedom Bond Act of 2001'.

SEC. 2. PURPOSE.

The purpose of this Act is to authorize the issuance of United States Defense of Freedom Bonds to aid in the funding of the war against terrorism, as defined by the President.

SEC. 3. AUTHORIZATION FOR THE ISSUANCE OF DEFENSE OF FREEDOM BONDS.

Section 3102 of title 31, United States Code, is amended by adding at the end the following:

`(f) ISSUANCE OF BONDS-

`(1) IN GENERAL- The Secretary is authorized to issue bonds under this section, to be known as `United States Defense of Freedom Bonds', in response to the acts of terrorism perpetrated against the United States on September 11, 2001.

`(2) 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.'.