31 USC § 3107 - Increasing interest rates and investment yields on retirement bonds

---
identifier: "/us/usc/t31/s3107"
source: "usc"
legal_status: "official_legal_evidence"
title: "31 USC § 3107 - Increasing interest rates and investment yields on retirement bonds"
title_number: 31
title_name: "MONEY AND FINANCE"
section_number: "3107"
section_name: "Increasing interest rates and investment yields on retirement bonds"
chapter_number: 31
chapter_name: "PUBLIC DEBT"
subchapter_number: "I"
subchapter_name: "BORROWING AUTHORITY"
positive_law: true
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 941; Pub. L. 98–369, div. A, title IV, § 491(d)(59), July 18, 1984, 98 Stat. 852.)"
---


# § 3107. Increasing interest rates and investment yields on retirement bonds

26 U.S.C. 405(b)

With the approval of the President, the Secretary of the Treasury may increase by regulation the interest rate or investment yield on an offering of bonds issued under this chapter that are described in sections 405(b) and 409(a) of the Internal Revenue Code of 1954 (, 409(a)), as in effect before the enactment of the Tax Reform Act of 1984. The increased yield shall be for interest accrual periods specified in the regulations so that the interest rate or investment yield on the bonds for those periods is consistent with the interest rate or investment yield on a new offering of those bonds.

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**Source Credit**: (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 941; Pub. L. 98–369, div. A, title IV, § 491(d)(59), July 18, 1984, 98 Stat. 852.)

| Revised Section | Source (U.S. Code) | Source (Statutes at Large) |
| --- | --- | --- |
| 3107 | 31:752(last par.). | Sept. 24, 1917, ch. 56, 40 Stat. 288, § 1(last par.); added Dec. 24, 1980, Pub. L. 96–595, § 2(a), 94 Stat. 3465. |

The words “interest rate” are added for consistency in the chapter and with 26:405(b) and 409(a).

## Editorial Notes

### References in Text

Sections 405(b) and 409(a) of the Internal Revenue Code of 1954 (, 409(a)), referred to in text, were repealed by , (b), , .

Enactment of the Tax Reform Act of 1984, referred to in text, means the date of enactment of division A of , which was approved .

### Amendments

1984— inserted “, as in effect before the enactment of the Tax Reform Act of 1984” after “(, 409(a))”.

## Statutory Notes and Related Subsidiaries

### Effective Date of 1984 Amendment

Amendment by  applicable to obligations issued after , see , set out as a note under , Internal Revenue Code.