Adjusted Compensation Payment Act

Adjusted Compensation Payment Act
Long titleAn Act to provide for the immediate payment of adjusted-service certificates
NicknamesBonus Act
Enacted bythe 74th United States Congress
Announced inthe 68th United States Congress
EffectiveJanuary 27, 1936 (1936-01-27)
Citations
Public lawPub. L. 74–425
Statutes at Large49 Stat. 1099
Codification
Acts amendedWorld War Adjusted Compensation Act
Legislative history
  • Introduced in the House as H.R. 12527 by Wright Patman
  • Committee consideration by House Ways and Means Committee
  • Passed the House on January 15, 1936 (1936-01-15) (325–44)
  • Passed the Senate on January 24, 1936 (1936-01-24) (76–19)
  • Vetoed by President Franklin D. Roosevelt on January 24, 1936 (1936-01-24)
  • Overridden by the Congress on January 27, 1936 (1936-01-27) (322-98)

The Adjusted Compensation Payment Act (January 27, 1936, Pub. L. 74–425, 49 Stat. 1099) was a piece of United States legislation that provided for the issuance of US Treasury Bonds to veterans who had served in World War I as a form of economic stimulus and relief. The act is sometimes considered to be part of the "New Deal" though it was not supported by then President Franklin D. Roosevelt, and the law was one of several pieces of United States legislation popularly known together as the "Bonus Act," which was enacted after Congress overrode President Franklin D. Roosevelt's veto on January 27, 1936.

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