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.
[1] Roosevelt argued that the program would invite demands for similar treatment by other groups and that it was not a relief bill since it was not based on the demonstrated needs of the recipients.
The heads of veterans associations met with Roosevelt and promised that they would recommend their members to hold their bonds until they matured in 1945.
The cash payments constituted an efficient economic stimulus since the program required little government administration, the monies were likely to be spent without delay, and the entire process did not require the long lead time of a public works program.