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H.R. 1454 (100th): A bill to amend Public Law 99-572 to authorize the Secretary of the Treasury to invest private funds contributed to the American Battle Monuments Commission for the construction of the Korean War Veterans Memorial in public debt securities.

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


10/27/1987--Passed House amended. (Measure passed House, amended) Establishes in the Treasury a fund which shall be available to the American Battle Monuments Commission for expenses of establishing the Korean War Veterans Memorial. Directs the Chairman of the Commission to deposit private contributions accepted into such fund. Requires the Secretary of the Treasury to invest any portion of such fund not required to meet current expenses in interest bearing obligations of, or guaranteed by, the Government.