Title: Victory Bonds Act of 2020
Policy area: Economics and Public Finance

Summary:
Victory Bonds Act of 2020
This bill authorizes the Department of the Treasury to issue bonds, to be known as United States Victory Bonds, to aid in the funding of public health operations and small business assistance during the COVID-19 (i.e., coronavirus disease 2019) pandemic.
Funds received from the sale of the bonds must be used without further appropriation for (1) the public health response to COVID-19, including testing, treatment, tracing, and vaccine development; (2) assistance for small businesses impacted by COVID-19; and (3) future pandemic response preparations following the conclusion of the pandemic.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8014 Introduced in House (IH)]

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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. Sanchez, 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.

    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 2020''.

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 following:
    ``(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 assistance during the coronavirus pandemic.
            ``(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. Such terms and conditions shall ensure that the 
        people of the United States have as nearly as possible an equal 
        opportunity to participate in subscribing to the offered bonds, 
        including by purchase from personal 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 impacted by 
        the coronavirus; and
            (3) following the conclusion of the pandemic, for future 
        pandemic response preparations.
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