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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. 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-
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tives of the United States of America in Congress assembled,
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SECTION 1. SHORT TITLE.
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This Act may be cited as the ‘‘Victory Bonds Act of
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2020’’.
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SEC. 2. PURPOSE.
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The purpose of this Act is to authorize the issuance
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of United States Victory Bonds to aid in the funding of
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public health operations and small business assistance
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during the coronavirus pandemic.
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SEC. 3. AUTHORIZATION FOR THE ISSUANCE OF UNITED
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STATES VICTORY BONDS.
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(a) IN GENERAL.—Section 3102 of title 31, United
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States Code, is amended by adding at the end the fol-
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lowing:
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‘‘(f) ISSUANCE
OF
UNITED
STATES
VICTORY
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BONDS.—
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‘‘(1) IN GENERAL.—The Secretary is authorized
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to issue bonds under this section, to be known as
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‘United States Victory Bonds’, to aid in the funding
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of public health operations and small business assist-
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ance during the coronavirus pandemic.
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‘‘(2) FORM.—The bonds authorized by para-
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graph (1) shall be in such form and denominations,
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and shall be subject to such terms and conditions of
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issue, conversion, redemption, maturation, payment,
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and rate of interest as the Secretary may prescribe.
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Such terms and conditions shall ensure that the peo-
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ple of the United States have as nearly as possible
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an equal opportunity to participate in subscribing to
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•HR 8014 IH
the offered bonds, including by purchase from per-
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sonal residences and in accessible denominations.’’.
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(b) AVAILABILITY
OF FUNDS.—Amounts received
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into the Treasury from the sale of United States Victory
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Bonds under section 3102(f) of title 31, United States
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Code, shall be available without further appropriation
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for—
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(1)
the
public
health
response
to
the
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coronavirus, including testing, treatment, tracing,
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and vaccine development;
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(2) small business assistance for businesses im-
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pacted by the coronavirus; and
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(3) following the conclusion of the pandemic,
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for future pandemic response preparations.
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Æ
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