31 U.S. Code § 3107 - Increasing interest rates and investment yields on retirement bonds

With the approval of the President, the Secretary of the Treasury may increase by regulation the interest rate or investment yield on an offering of bonds issued under this chapter that are described in sections 405(b) and 409(a) of the Internal Revenue Code of 1954 (26 U.S.C. 405 (b), 409 (a)), as in effect before the enactment of the Tax Reform Act of 1984. The increased yield shall be for interest accrual periods specified in the regulations so that the interest rate or investment yield on the bonds for those periods is consistent with the interest rate or investment yield on a new offering of those bonds.

Source

(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 941; Pub. L. 98–369, div. A, title IV, § 491(d)(59),July 18, 1984, 98 Stat. 852.)

Historical and Revision Notes
Revised Section Source (U.S. Code) Source (Statutes at Large)
3107 31:752(last par.). Sept. 24, 1917, ch. 56, 40 Stat. 288, § 1(last par.); added Dec. 24, 1980, Pub. L. 96–595, § 2(a), 94 Stat. 3465.

The words “interest rate” are added for consistency in the chapter and with 26:405(b) and 409(a).
References in Text

Sections 405(b) and 409(a) of the Internal Revenue Code of 1954 (26 U.S.C. 405 (b), 409 (a)), referred to in text, were repealed by Pub. L. 98–369, div. A, title IV, § 491(a), (b),July 18, 1984, 98 Stat. 848.
Enactment of the Tax Reform Act of 1984, referred to in text, means the date of enactment of division A of Pub. L. 98–369, which was approved July 18, 1984.
Amendments

1984—Pub. L. 98–369inserted “, as in effect before the enactment of the Tax Reform Act of 1984” after “(26 U.S.C. 405 (b), 409 (a))”.
Effective Date of 1984 Amendment

Amendment by Pub. L. 98–369applicable to obligations issued after Dec. 31, 1983, see section 491(f)(1) ofPub. L. 98–369, set out as a note under section 62 of Title 26, Internal Revenue Code.

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31 CFR - Money and Finance: Treasury

31 CFR Part 306 - GENERAL REGULATIONS GOVERNING U.S. SECURITIES

31 CFR Part 341 - REGULATIONS GOVERNING UNITED STATES RETIREMENT PLAN BONDS

31 CFR Part 346 - REGULATIONS GOVERNING UNITED STATES INDIVIDUAL RETIREMENT BONDS

31 CFR Part 355 - REGULATIONS GOVERNING FISCAL AGENCY CHECKS

31 CFR Part 356 - SALE AND ISSUE OF MARKETABLE BOOK-ENTRY TREASURY BILLS, NOTES, AND BONDS (DEPARTMENT OF THE TREASURY CIRCULAR, PUBLIC DEBT SERIES NO. 1-93)

31 CFR Part 357 - REGULATIONS GOVERNING BOOK-ENTRY TREASURY BONDS, NOTES AND BILLS HELD IN TREASURY/RESERVE AUTOMATED DEBT ENTRY SYSTEM (TRADES) AND LEGACY TREASURY DIRECT

31 CFR Part 358 - REGULATIONS GOVERNING BOOK-ENTRY CONVERSION OF BEARER CORPORA AND DETACHED BEARER COUPONS

31 CFR Part 363 - REGULATIONS GOVERNING SECURITIES HELD IN TREASURYDIRECT

31 CFR Part 370 - ELECTRONIC TRANSACTIONS AND FUNDS TRANSFERS RELATING TO UNITED STATES SECURITIES

 

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