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HR 4742 97th Congress House

A bill to amend the Internal Revenue Code of 1954 to provide that the investment yield on the tax-exempt All Savers Certificates shall be increased from 70 to 85 percent of the average investment…

Official title: A bill to amend the Internal Revenue Code of 1954 to provide that the investment yield on the tax-exempt All Savers Certificates shall be increased from 70 to … Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1954 to provide that the investment yield on the tax-exempt All Savers Certificates shall be increased from 70 to 85 percent of the average investment yield for United States Treasury bills of maturities of 52 weeks.

Introduced: October 14, 1981 See on congress.gov
Taxation
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 14, 1981
Referred to House Committee on Ways and Means.
Oct 14, 1981
Introduced in House
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 Latest action October 14, 1981

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 4742: A bill to amend the Internal Revenue Code of 1954 to provide that the investment yield on the tax-exempt All Savers Certificates shall be increased from 70 to 85 percent of the average investment yield for United States Treasury bills of maturities of 52 weeks.. 97th Congress. Open America. https://openamerica.io/bill/97-HR-4742/
MLA
"H.R. 4742: A bill to amend the Internal Revenue Code of 1954 to provide that the investment yield on the tax-exempt All Savers Certificates shall be increased from 70 to 85 percent of the average investment yield for United States Treasury bills of maturities of 52 weeks.." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-4742/.
Bluebook (legal)
H.R. 4742, 97th Cong. (2026), https://openamerica.io/bill/97-HR-4742/.
Markdown link
[H.R. 4742: A bill to amend the Internal Revenue Code of 1954 to provide that the investment yield on the tax-exempt All Savers Certificates shall be increased from 70 to 85 percent of the average investment yield for United States Treasury bills of maturities of 52 weeks.](https://openamerica.io/bill/97-HR-4742/)
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