[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1699 Introduced in House (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.
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