[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3908 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 3908

   To establish the Office of Personal Savings Promotion within the 
                      Department of the Treasury.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 24, 1994

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

_______________________________________________________________________

                                 A BILL


 
   To establish the Office of Personal Savings Promotion within the 
                      Department of the Treasury.

    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 ``Office of Personal Savings Promotion 
Act of 1994''.

SEC. 2. ESTABLISHMENT OF OFFICE.

    Section 301 of title 31, United States Code, is amended by adding 
at the end the following new subsection:
    ``(h) Office of Personal Savings Promotion.--
            ``(1) In general.--There is hereby established the Office 
        of Personal Savings Promotion (hereafter in this subsection 
        referred to as the ``Office'') in the Department of the 
        Treasury.
            ``(2) Director.--
                    ``(A) Establishment.--The Office shall have a 
                Director who shall be the head of the Office.
                    ``(B) Appointment.--The Director shall be appointed 
                by the Secretary of the Treasury and shall be subject 
                to the direction of an Assistant Secretary designated 
                by the Secretary.
            ``(3) Duties.--In addition to such other duties as the 
        Secretary of the Treasury may impose, the Director shall 
        develop policies and recommendations for administrative and 
        legislative action to increase the rate of domestic personal 
        savings.''.

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