H.R. 6206 · 109th Congress
Truman Scholarship Fund Modernization Act
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 109th Congress ended.
R
EnglishSponsor4 cosponsors · 3 D, 1 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Sep 27, 2006
- House Passed Dec 7, 2006
Truman Scholarship Fund Modernization Act - Amends the Harry S Truman Memorial Scholarship Act to require the Secretary of the Treasury to invest amounts appropriated and contributed to the Harry S Truman Memorial Scholarship Trust Fund: (1) only at the request of the Board of Trustees of the Harry S Truman Scholarship Foundation; and (2) only in…
What it does: CRS summary · Passed House without amendment · Dec 7, 2006
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Truman Scholarship Fund Modernization Act - Amends the Harry S Truman Memorial Scholarship Act to require the Secretary of the Treasury to invest amounts appropriated and contributed to the Harry S Truman Memorial Scholarship Trust Fund: (1) only at the request of the Board of Trustees of the Harry S Truman Scholarship Foundation; and (2) only in interest-bearing obligations of the United States issued directly to such Fund.
Repeals the Secretary's discretion to invest in obligations guaranteed as to principal and interest by the United States.
Repeals the condition that such obligations shall be issued only if it is not in the public interest to purchase other interest-bearing obligations issued or guaranteed by the United States.Makes all requests of the Board binding on the Secretary.
Repeals the authority of the Secretary to sell any obligation acquired by the fund (except special obligations issued exclusively to it) at the market price.
Requires the Secretary, at the Board's request, to redeem any obligation issued directly to the fund.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Truman Scholarship Fund Modernization Act
Latest action (Dec 8, 2006): Received in the Senate.
Policy area: Education · Origin: House · Introduced: Sep 27, 2006
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Sep 27, 2006
- House Passed Dec 7, 2006
No recorded floor vote found.