Title: To authorize the Secretary of the Treasury to issue Border Wall Bonds, and for other purposes.
Policy area: Economics and Public Finance

Summary:
This bill authorizes the Department of the Treasury to issue bonds known as Border Wall Bonds to finance the construction of a physical barrier along the southern border of the United States.
The bill establishes the Border Wall Trust Fund in the Treasury and provides appropriations to the fund equal to the revenues derived from the sale and issuance of the Border Wall Bonds. The amounts in the trust fund are only available for expenditures to build a physical barrier along the southern border of the United States.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7304 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 7304

To authorize the Secretary of the Treasury to issue Border Wall Bonds, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 13, 2018

 Mr. Harris (for himself, Mr. Gaetz, and Mr. Griffith) introduced the 
 following bill; which was referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To authorize the Secretary of the Treasury to issue Border Wall Bonds, 
                        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. BORDER WALL BONDS; BORDER WALL TRUST FUND.

    (a) Authority To Issue Border Wall Bonds.--Section 3102 of title 
31, United States Code, is amended by adding at the end the following 
new subsection:
    ``(f) Border Wall Bonds.--The Secretary is authorized to issue 
bonds under this section, to be known as `Border Wall Bonds'. The bonds 
authorized by this subsection 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, except that no interest shall be payable with respect to 
such a bond before the date that is ten years after the date of the 
enactment of this subsection.''.
    (b) Border Wall Trust Fund.--
            (1) Establishment of trust fund.--There is established in 
        the Treasury of the United States a trust fund to be known as 
        the ``Border Wall Trust Fund'', consisting of such amounts as 
        may be appropriated, credited, or transferred to such Trust 
        Fund as provided in this section or other provision of law.
            (2) Transfers to trust fund.--There are hereby appropriated 
        to the Border Wall Trust Fund amounts equivalent to all 
        revenues derived from the sale and issuance of Border Wall 
        Bonds issued under section 3102 of title 31, United States 
        Code.
            (3) Expenditures from trust fund.--Amounts in the Border 
        Wall Trust Fund shall be available only for purposes of making 
        expenditures to build a physical barrier along the southern 
        border of the United States.
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