Section 1 Short title
This Act may be cited as the “United States Pandemic Relief Bonds Act of 2020”.
United States Pandemic Relief Bonds Act of 2020
A BILL
To amend title 31, United States Code, to authorize the issuance of United States Pandemic Bonds to aid in the funding of relief efforts related to coronavirus disease 2019 (COVID–19).
Sec. 2 Purpose
The purpose of this Act is to authorize the issuance of United States Pandemic Bonds to aid in the funding of relief efforts related to coronavirus disease 2019 (COVID–19).
Sec. 3 Sense of Congress
Sec. 4 Authorization for the issuance of United States pandemic bonds
Section 3102 of title 31, United States Code, is amended by adding at the end the following:
“(f) Issuance of United States Pandemic Bonds
“(1) In general—The Secretary is authorized to issue bonds under this section, to be known as “United States Pandemic Relief Bonds”, to aid in the funding of relief efforts related to coronavirus disease 2019 (COVID–19).
“(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, including for terms longer than 30 years, payment, and rate of interest as the Secretary may prescribe.
“(3) Marketing—The Secretary shall carry out a program to encourage sales of United States Pandemic Relief Bonds, including activities to facilitate the purchase of such bonds.
“(4) Authorization of appropriations—There is authorized to be appropriated $5,000,000 for carrying out the marketing program described in paragraph (3).”