H.R. 8014 · 116th Congress
Victory Bonds Act of 2020
- Stage
- In committee
- Sponsor
- John Larson
- Introduced
- 2020-08-11
- Latest action
- 2020-08-11 · Introduced in House
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.