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 Busi-
ness, 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 pan-
demic, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Victory Bonds Act of 
2020’’. 
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SEC. 2. PURPOSE. 
The purpose of this Act is 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. 
SEC. 3. AUTHORIZATION FOR THE ISSUANCE OF UNITED 
STATES VICTORY BONDS. 
(a) IN GENERAL.—Section 3102 of title 31, United 
States Code, is amended by adding at the end the fol-
lowing: 
‘‘(f) ISSUANCE
OF
UNITED
STATES
VICTORY 
BONDS.— 
‘‘(1) IN GENERAL.—The Secretary is authorized 
to issue bonds under this section, to be known as 
‘United States Victory Bonds’, to aid in the funding 
of public health operations and small business assist-
ance during the coronavirus pandemic. 
‘‘(2) FORM.—The bonds authorized by para-
graph (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. 
Such terms and conditions shall ensure that the peo-
ple of the United States have as nearly as possible 
an equal opportunity to participate in subscribing to 
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the offered bonds, including by purchase from per-
sonal residences and in accessible denominations.’’. 
(b) AVAILABILITY
OF FUNDS.—Amounts received 
into the Treasury from the sale of United States Victory 
Bonds under section 3102(f) of title 31, United States 
Code, shall be available without further appropriation 
for— 
(1) 
the 
public 
health 
response 
to 
the 
coronavirus, including testing, treatment, tracing, 
and vaccine development; 
(2) small business assistance for businesses im-
pacted by the coronavirus; and 
(3) following the conclusion of the pandemic, 
for future pandemic response preparations. 
Æ 
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