[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2900 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 2900

 To authorize the issuance of Victory Bonds in response to the acts of 
terrorism perpetrated against the United States on September 11, 2001, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 19, 2001

Mr. LaFalce (for himself, Mr. Kanjorski, Mrs. Maloney of New York, Mr. 
   Gutierrez, Mr. Bentsen, Ms. Hooley of Oregon, Ms. Schakowsky, Mr. 
Moore, Mr. Gonzalez, Mrs. Jones of Ohio, Mr. Capuano, Mr. Hinojosa, Mr. 
   Shows, and Mr. Crowley) introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To authorize the issuance of Victory Bonds in response to the acts of 
terrorism perpetrated against the United States on September 11, 2001, 
                        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 ``Victory Bonds Act of 2001''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) a national tragedy occurred on September 11, 2001, 
        whereby certain individuals tried to steal America's freedom;
            (2) Americans stand together to resist all attempts to 
        steal their freedom;
            (3) united, Americans will be victorious over their 
        enemies, whether known or unknown; and
            (4) Americans must respond to this tragedy in a spirit not 
        of revenge, but of justice.

SEC. 3. AUTHORIZATION FOR THE ISSUANCE OF VICTORY BONDS.

    Section 3102 of title 31, United States Code, is amended by adding 
at the end the following:
    ``(f) Issuance of Victory Bonds.--
            ``(1) In general.--The Secretary shall issue bonds under 
        this section, to be known as `Victory Bonds', in response to 
        the acts of terrorism perpetrated against the United States on 
        September 11, 2001.
            ``(2) Use of proceeds.--Proceeds from the issuance of 
        Victory Bonds shall be used to raise funds to assist in 
        recovery and relief operations following the terrorist acts 
        referred to in paragraph (1), including humanitarian 
        assistance, and to combat terrorism.
            ``(3) 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.''.
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