Larson Announces the Victory Bonds Act of 2020

Washington, D.C. – Today, Rep. John B. Larson (CT-01) announced he will be introducing the Victory Bonds Act of 2020. The bill will direct the Department of the Treasury to create government savings bonds, with all revenue directed to funding the federal government's medical response to the coronavirus pandemic and support for small businesses.

"During World War II, millions of Americans heeded the call of unity and came together to help their country. They were able to do so from their homes, by purchasing Victory Stamps and Bonds. We are now engaged in a war against a silent enemy, the coronavirus. Many Americans are asking how they can help while adhering to social distancing guidelines. Through this legislation, they can do so by joining a voluntary and patriotic effort that rallies the nation behind defeating a common enemy.

"The Victory Bonds Act will create government savings bonds, with all revenue directed to funding the federal government's public health response to the coronavirus pandemic and support for small businesses. The nation's health and economic security are inextricably linked, and testing, treatments, and vaccines are critical for a strong recovery. The Victory Bonds Act creates the opportunity for Americans to protect their people and emerge triumphant over this disease. This battle is the fundamental moral imperative of our time. The time to defeat this virus is now."