Page:United States Statutes at Large Volume 96 Part 1.djvu/613

 PUBLIC LAW 97-248—SEPT. 3, 1982 SEC.

288. ILLEGAL PAYMENTS TO GOVERNMENT EMPLOYEES.

96 STAT. 571

OFFICIALS OR

(a) IN GENERAL.—Paragraph (1) of section 162(c) (relating to illegal 26 USC 162. payments to Government officials or employees) is amended— (1) by striking out "would be unlawful under the laws of the United States if such laws were applicable to such payment and to such official or employee" and inserting in lieu thereof "is unlawful under the Foreign Corrupt Practices Act of 1977", and 15 USC 78a note. (2) by striking out "(or would be unlawful under the laws of the United States)" and inserting in lieu thereof "(or is unlawful under the Foreign Corrupt Practices Act of 1977)". (b) COORDINATION WITH SUBPART F.—

(1) Subsection (a) of section 952 is amended by adding at the 26 USC 952. end thereof the following new sentence: "The payments referred to in paragraph (4) are payments which would be unlawful under the Foreign Corrupt Practices Act of 1977 if the payor were a United States person." (2) Subsection (a) of section 964 is amended by adding at the 26 USC 964. end thereof the following new sentence: "The payments referred to in the preceding sentence are payments which would be unlawful under the Foreign Corrupt Practices Act of 1977 if the payor were a United States person." (c) EFFECTIVE DATE.—The amendments made by this section shall 26 USC 162 note. apply to payments made after the date of the enactment of this Act. SEC. 289. DEBT MANAGEMENT PROVISIONS. (a) DETERMINATION BY SECRETARY OF INVESTMENT YIELD ON UNITED STATES SAVINGS BOND.—

(1) Subsection (b) of section 22 of the Second Liberty Bond Act (31 U.S.C. 757c) is amended— (A) by amending paragraph (3) to read as follows: "(3) The Secretary of the Treasury, with the approval of the President, may fix the investment yield on any United States savings bond. The Secretary of the Treasury, with the approval of the President, may provide for increases and decreases in the investment yield on any outstanding United States savings bond; except that the investment yield on any bond for the period held may not be decreased below the minimum yield for such period guaranteed at the time of its issuance."; (B) by striking out "the Secretary of the Treasury may prescribe: Provided" and all that follows down through the end of the second sentence of paragraph (1) of such subsection and inserting in lieu thereof "the Secretary of the Treasury may prescribe."; (C) by striking out "and shall be expressed in terms of their maturity value" in the third sentence of paragraph (1) of such subsection; and (D) by striking out "higher rates which are consistent" and inserting in lieu thereof "rates which are consistent" in subparagraph (B) of paragraph (2) of such subsection. (2) The second sentence of section 22A(b)(l) of such Act is 31 USC 757C-2. amended by striking out "the Secretary of the Treasury may prescribe" and all that follows down through the end thereof and inserting in lieu thereof "the Secretary of the Treasury may prescribe.". 31 USC (b) TRANSITIONAL RULE.—In the case of any savings bond issued note. 757c before the 30th day after the date of the enactment of this Act, for

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