Home > 105th Congressional Bills > H.R. 1660 (ih) To amend the Trade Act of 1974 to extend the Generalized System of Preferences until May 31, 2007. ...

H.R. 1660 (ih) To amend the Trade Act of 1974 to extend the Generalized System of Preferences until May 31, 2007. ...

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  1st Session
                                H. R. 165

 To prohibit the Secretary of the Treasury from using surplus funds to 
make any investment in securities, other than government and municipal 



                            January 7, 2003

Mr. Reynolds (for himself, Mr. Doolittle, and Mr. Flake) introduced the 
   following bill; which was referred to the Committee on Financial 


                                 A BILL

 To prohibit the Secretary of the Treasury from using surplus funds to 
make any investment in securities, other than government and municipal 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,


    This Act may be cited as the ``Private Economy Protection Act of 


    Notwithstanding any other provision of law, the Secretary of the 
Treasury may not use surplus funds to make any investment in securities 
(within the meaning of the securities laws of the United States) other 
than government and municipal securities. For purposes of the preceding 
sentence, the term `surplus' shall have the meaning given to such term 
by section 3(7) of the Congressional Budget Act of 1974 (2 U.S.C. 

Pages: 1

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