[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 1432 Introduced in Senate (IS)]







107th CONGRESS
  1st Session
                                S. 1432

To authorize the issuance of United States Defense of Freedom Bonds to 
  aid in funding of the war against terrorism, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 14, 2001

Mr. Smith of Oregon introduced the following bill; which was read twice 
  and referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To authorize the issuance of United States Defense of Freedom Bonds to 
  aid in funding of the war against terrorism, 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 ``United States Defense of Freedom 
Bond Act of 2001''.

SEC. 2. PURPOSE.

    The purpose of this Act is to authorize the issuance of United 
States Defense of Freedom Bonds to aid in the funding of the war 
against terrorism, as defined by the President.

SEC. 3. AUTHORIZATION FOR THE ISSUANCE OF DEFENSE OF FREEDOM BONDS.

    Section 3102 of title 31, United States Code, is amended by adding 
at the end the following:
    ``(f) Issuance of Bonds.--
            ``(1) In general.--The Secretary is authorized to issue 
        bonds under this section, to be known as `United States Defense 
        of Freedom Bonds', in response to the acts of terrorism 
        perpetrated against the United States on September 11, 2001.
            ``(2) 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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