Second Liberty Bond Act of 1917
E293829
The Second Liberty Bond Act of 1917 was a World War I-era U.S. law that authorized large-scale federal borrowing through liberty bonds and laid the groundwork for the modern federal debt ceiling system.
All labels observed (2)
| Label | Occurrences |
|---|---|
| Liberty Loan Acts | 1 |
| Second Liberty Bond Act of 1917 canonical | 1 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
United States federal statute
ⓘ
war finance legislation ⓘ |
| affects |
Treasury borrowing practices
ⓘ
structure of U.S. public debt ⓘ |
| aimsTo |
encourage public subscription to government war bonds
ⓘ
mobilize domestic savings for war finance ⓘ |
| appliesTo | United States Department of the Treasury ⓘ |
| authorizes |
issuance of certificates of indebtedness
ⓘ
issuance of liberty bonds ⓘ issuance of short-term Treasury obligations ⓘ issuance of war savings certificates ⓘ |
| basedOnAuthorityOf |
Article I, Section 8 of the U.S. Constitution
ⓘ
surface form:
Article I, Section 8 of the United States Constitution
|
| belongsToPeriod |
Progressive Era
ⓘ
surface form:
Progressive Era in United States history
|
| codifiedIn |
Title 31 of the United States Code
ⓘ
surface form:
Title 31 of the United States Code (as amended and recodified)
|
| contributesTo | creation of the modern federal debt ceiling system ⓘ |
| enactedBy | United States Congress ⓘ |
| enactedDuring | World War I ⓘ |
| enactedInYear | 1917 ⓘ |
| establishes | overall limit on aggregate federal borrowing ⓘ |
| grantsPowerTo | Secretary of the Treasury ⓘ |
| hasContext | United States entry into World War I in 1917 ⓘ |
| hasCountry |
United States of America
ⓘ
surface form:
United States
|
| hasJurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| hasLegalForm | public law of the United States ⓘ |
| hasLongTermImpactOn |
United States public debt management
ⓘ
federal debt ceiling framework ⓘ |
| hasPresidentAtEnactment | Woodrow Wilson ⓘ |
| hasTypeOfInstrument |
Treasury certificate of indebtedness
ⓘ
liberty bond ⓘ short-term Treasury note ⓘ war savings certificate ⓘ |
| historicalSignificance |
foundation for the statutory federal debt limit
ⓘ
major expansion of federal borrowing authority ⓘ |
| partOf | United States war finance during World War I ⓘ |
| predecessorOf | later statutory federal debt limit laws ⓘ |
| primaryPurpose | to authorize large-scale federal borrowing to finance U.S. participation in World War I ⓘ |
| regulates |
interest rates on certain federal obligations
ⓘ
maturity of certain federal obligations ⓘ terms and conditions of liberty bonds ⓘ |
| relatedTo |
First Liberty Bond Act of 1917
ⓘ
Fourth Liberty Bond Act ⓘ Third Liberty Bond Act ⓘ |
| signedBy | Woodrow Wilson ⓘ |
| subjectOf |
debates over the federal debt ceiling
ⓘ
scholarship on U.S. fiscal history ⓘ |
| usedFor |
financing U.S. military expenditures in World War I
ⓘ
financing allied loans and war-related programs ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
this entity surface form:
Liberty Loan Acts