A bill to provide for adjusting the amount of interest paid on funds deposited with the Treasury of the United States pursuant to the act of August 20, 1912 (37 Stat. 319).
Public Law 94-290 · S. 2620 · 94th Congress · began in the Senate
Signed by Gerald Ford (R) on May 22, 1976 · Economics and Public Finance
Sponsor: Sen. Howard Cannon (D-NV)
Cosponsors: None
Passage votes
- HouseMethod not stated
- SenateMethod not stated
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Provides for adjusting the rate of interest paid on funds deposited with the Treasury of the United States as the bequest of Gertrude M. Hubbard to a rate at least equal to or higher than the current annual rate of four percent, under conditions set forth in this Act.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 14 actions.
- May 22, 1976Became lawBecame law · Signed by President.
- PresidentPresident · Public law 94-290.
- May 12, 1976PresidentPresident · Measure presented to President.
- PresidentPresident · Measure enrolled in Senate.
- May 11, 1976PresidentPresident · Measure enrolled in House.
- May 10, 1976Resolving differencesResolving differences · House agreed to Senate amendment.
- Mar 16, 1976Resolving differencesResolving differences · Senate agreed to House amendment with an amendment.
- Feb 2, 1976FloorFloor · Measure passed House, amended, in lieu of H.R. 8628.
- FloorFloor · Measure called up by unanimous consent in House.
- Dec 2, 1975CommitteeCommittee · Referred to House Committee on House Administration
- Dec 1, 1975FloorFloor · Measure passed Senate.
- Nov 20, 1975CommitteeCommittee · Reported by Senate Rules and Administration Committee
- Nov 5, 1975CommitteeCommittee · Referred to Senate Rules and Administration Committee
- IntroducedIntroduced · Introduced in the Senate
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.