I 

116TH CONGRESS 

2D SESSION H. R. 8014 

To authorize the issuance of United States Victory Bonds to aid in the 

funding of public health operations and small business assistance during 

the coronavirus pandemic, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

AUGUST 11, 2020 

Mr. LARSON of Connecticut (for himself, Mr. KELLY of Pennsylvania, Mr. 

COURTNEY, Mr. RYAN, Mr. MICHAEL F. DOYLE of Pennsylvania, Mr. 

SUOZZI, Ms. SA ́NCHEZ, Ms. JUDY CHU of California, Mr. LYNCH, Ms. 

KAPTUR, Mr. KHANNA, and Mr. SAN NICOLAS) introduced the following 

bill; which was referred to the Committee on Ways and Means, and in 

addition to the Committees on Energy and Commerce, and Small Business, for a period to be subsequently determined by the Speaker, in each 

case for consideration of such provisions as fall within the jurisdiction of 

the committee concerned 

A BILL 

To authorize the issuance of United States Victory Bonds 

to aid in the funding of public health operations and 

small business assistance during the coronavirus pandemic, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Victory Bonds Act of 

5 2020’’. 


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1 SEC. 2. PURPOSE. 

2 The purpose of this Act is to authorize the issuance 

3 of United States Victory Bonds to aid in the funding of 

4 public health operations and small business assistance 

5 during the coronavirus pandemic. 

6 SEC. 3. AUTHORIZATION FOR THE ISSUANCE OF UNITED 

7 STATES VICTORY BONDS. 

8 (a) IN GENERAL.—Section 3102 of title 31, United 

9 States Code, is amended by adding at the end the fol10 lowing: 

11 ‘‘(f) ISSUANCE OF UNITED STATES VICTORY

12 BONDS.— 

13 ‘‘(1) IN GENERAL.—The Secretary is authorized 

14 to issue bonds under this section, to be known as 

15 ‘United States Victory Bonds’, to aid in the funding 

16 of public health operations and small business assist17 ance during the coronavirus pandemic. 

18 ‘‘(2) FORM.—The bonds authorized by para19 graph (1) shall be in such form and denominations, 

20 and shall be subject to such terms and conditions of 

21 issue, conversion, redemption, maturation, payment, 

22 and rate of interest as the Secretary may prescribe. 

23 Such terms and conditions shall ensure that the peo24 ple of the United States have as nearly as possible 

25 an equal opportunity to participate in subscribing to 


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1 the offered bonds, including by purchase from per2 sonal residences and in accessible denominations.’’. 

3 (b) AVAILABILITY OF FUNDS.—Amounts received 

4 into the Treasury from the sale of United States Victory 

5 Bonds under section 3102(f) of title 31, United States 

6 Code, shall be available without further appropriation 

7 for— 

8 (1) the public health response to the 

9 coronavirus, including testing, treatment, tracing, 

10 and vaccine development; 

11 (2) small business assistance for businesses im12 pacted by the coronavirus; and 

13 (3) following the conclusion of the pandemic, 

14 for future pandemic response preparations. 

Æ 


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