Skip to main content
HR 6315 98th Congress House Taxation Bonds Economics and Public Finance Excise tax Government securities Income tax Interest Securities Securities and Investments Tax deductions Withholding tax

A bill to prohibit the issuance in bearer form of Treasury obligations or of securities which are interests in Treasury obligations, and for other purposes.

Introduced: September 26, 1984 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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
Sep 26, 1984
Referred to House Committee on Ways and Means.
Sep 26, 1984
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Requires that every obligation of the United States be issued in registered form.

Amends the Internal Revenue Code to prohibit the issuance in bearer form of securities which are interests in U.S. Government-backed securities.

Imposes a three percent excise tax on the issuer of registration-required U.S. Government-backed securities which are not issued in registered form. Provides that the issue price of any U.S. Government-backed security shall be treated as the principal amount of the obligation.

Imposes a 30 percent withholding tax on interest received by foreigners from U.S. Government-backed securities.

What's happening now September 26, 1984

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 5
D
Durbin, Richard J.
Illinois · Sep 26, 1984
 D
Hoyer, Steny H.
Maryland · Sep 26, 1984
 D
Kaptur, Marcy
Ohio · Sep 26, 1984
 D
Markey, Edward J.
Massachusetts · Sep 26, 1984
 D
Schumer, Charles E.
New York · Sep 26, 1984
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6315: A bill to prohibit the issuance in bearer form of Treasury obligations or of securities which are interests in Treasury obligations, and for other purposes.. 98th Congress. Open America. https://openamerica.io/bill/98-HR-6315/
MLA
"H.R. 6315: A bill to prohibit the issuance in bearer form of Treasury obligations or of securities which are interests in Treasury obligations, and for other purposes.." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-6315/.
Bluebook (legal)
H.R. 6315, 98th Cong. (2026), https://openamerica.io/bill/98-HR-6315/.
Markdown link
[H.R. 6315: A bill to prohibit the issuance in bearer form of Treasury obligations or of securities which are interests in Treasury obligations, and for other purposes.](https://openamerica.io/bill/98-HR-6315/)
Report a problem