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<PRE>[DOCID: f:s1430is.txt]






107th CONGRESS
  1st Session
                                S. 1430

  To authorize the issuance of Unity Bonds in response to the acts of 
terrorism perpetrated against the United States on September 11, 2001, 
                        and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 14, 2001

  Mr. Johnson introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
  To authorize the issuance of Unity Bonds in response to the acts of 
terrorism perpetrated against the United States on September 11, 2001, 
                        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 ``Unity Bonds Act of 2001''.

SEC. 2. FINDINGS.

    Congress finds that--
            (1) a national tragedy occurred on September 11, 2001, 
        whereby certain individuals tried to steal America's freedom;
            (2) Americans stand together to resist all attempts to 
        steal their freedom;
            (3) united, Americans will be victorious over their 
        enemies, whether known or unknown; and
            (4) Americans must respond to this tragedy in a spirit not 
        of revenge, but of justice.

SEC. 3. AUTHORIZATION FOR THE ISSUANCE OF UNITY BONDS.

    Section 3102 of title 31, United States Code, is amended by adding 
at the end the following:
    ``(f) Issuance of Unity Bonds.--
            ``(1) In general.--The Secretary shall issue bonds under 
        this section, to be known as `Unity Bonds', in response to the 
        acts of terrorism perpetrated against the United States on 
        September 11, 2001.
            ``(2) Use of proceeds.--Proceeds from the issuance of Unity 
        Bonds shall be used to raise funds to assist in recovery and 
        relief operations following the terrorist acts referred to in 
        paragraph (1), including humanitarian assistance, and to combat 
        terrorism.
            ``(3) 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.''.
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