What this is
Congress passed a law giving the Treasury Secretary new ways to manage and invest government money safely.
Congress passed this federal law in 1977 to help the Treasury Secretary manage U.S. government money more flexibly. The law makes it easier for the government to invest its cash safely while waiting to use it for important programs and services.
The new law allows the Treasury Secretary to put government money into different types of banks and credit unions. These include regular banks, savings and loan associations, and credit unions created under state law. The money can be invested for up to 90 days to help with cash management. This gives the government more options and helps money work harder for our communities.
The law also changes rules about gold reserves and international financial agreements. It prevents the President from selling more than 25 million ounces of gold from the International Monetary Fund without permission. It also requires the President to share information about international financial decisions with Congress when requested.
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This law strengthens the government's ability to manage public funds responsibly. By allowing flexible investment options, the Treasury can protect taxpayer money while making sure funds are ready when our communities need them for schools, roads, and other important services.
Key details
- Investment period limit: Up to 90 days
- Gold sale limit: 25 million ounces
- Year passed: 1977
- Public law number: Public Law 95-147
About U.S. Congress — Texas
The U.S. Congress Texas delegation includes 38 Representatives in the House and 2 Senators, making it the second-largest state delegation in Congress. These elected officials represent Texas interests in federal legislat…
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How this affects households
Under $30,000
This law doesn't change your taxes or benefits directly. It's about how the government manages its own money behind the scenes.
$30,000-$60,000
This law doesn't affect your household budget. It helps the government handle its cash better, but you won't see changes in your bills or income.
$60,000-$100,000
No direct impact on your finances. This is an internal government money management tool that doesn't change what you pay or receive.
Over $100,000
This law has no effect on your household income or expenses. It only changes how the Treasury Department invests government funds.
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