H.R. 1699 (106th): To direct the Secretary of the Treasury to issue war bonds to pay for Operation Allied Force ...

...and related humanitarian operations.

106th Congress, 1999–2000. Text as of May 05, 1999 (Introduced).

Status & Summary | PDF | Source: GPO

HR 1699 IH

106th CONGRESS

1st Session

H. R. 1699

To direct the Secretary of the Treasury to issue war bonds to pay for Operation Allied Force and related humanitarian operations.

IN THE HOUSE OF REPRESENTATIVES

May 5, 1999

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


A BILL

To direct the Secretary of the Treasury to issue war bonds to pay for Operation Allied Force and related humanitarian operations.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. ISSUANCE OF WAR BONDS TO PAY FOR OPERATION ALLIED FORCE AND RELATED HUMANITARIAN OPERATIONS.

    (a) GENERAL REQUIREMENT- The Secretary of the Treasury shall, in accordance with chapter 31 of title 31, United States Code, issue bonds to pay for expenditures authorized by law for Operation Allied Force and related humanitarian operations. Such bonds shall--

      (1) first be offered at not less than par as a popular loan under such regulations prescribed by the Secretary of the Treasury that allow the people of the United States as nearly as possible an equal opportunity to participate in subscribing to the offered bonds, and

      (2) mature not more than 5 years from the date of issue.

    (b) OPERATION ALLIED FORCE- For purposes of subsection (a), the term ‘Operation Allied Force’ means operations of the North Atlantic Treaty Organization (NATO) conducted against the Federal Republic of Yugoslavia (Serbia and Montenegro) during the continuous period beginning on March 24, 1999, including the date of the enactment of this Act, and ending on the date the President designates.