To clarify that Federal assistance provided with respect to domestic building and loan associations shall be treated as compensation for purposes of determining the deduction for losses, and for other purposes.

Summary

Requires that, except in specified instances, Federal financial assistance be taken into account when determining losses or bad debts of savings and loans institutions (thus denying income tax deductions for losses or bad debts to the extent Federal assistance has compensated for them).

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 7 March 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 March 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 March 1991

   Introduced

   Introduced in House

   Source: IntroReferral

4. 11 February 1992

   Committee

   Committee Hearings Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · — · Download file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 7 March 1991

  Open at official source

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Sponsors

• Sen. Dorgan, Byron L. [D-ND] · D · Sponsor
• Rep. Evans, Lane [D-IL-17] · D · Cosponsor
• Rep. Costello, Jerry F. [D-IL-12] · D · Cosponsor
• Sen. Santorum, Rick [R-PA] · R · Cosponsor
• Sen. Johnson, Tim [D-SD] · D · Cosponsor
• Rep. DeFazio, Peter A. [D-OR-4] · D · Cosponsor
• Rep. Jontz, Jim [D-IN-5] · D · Cosponsor
• Rep. Hertel, Dennis M. [D-MI-14] · D · Cosponsor
• Rep. Eckart, Dennis E. [D-OH-11] · D · Cosponsor
• Rep. Lowey, Nita M. [D-NY-17] · D · Cosponsor
• Rep. Mineta, Norman Y. [D-CA-15] · D · Cosponsor
• Rep. Frank, Barney [D-MA-4] · D · Cosponsor
• Rep. Petri, Thomas E. [R-WI-6] · R · Cosponsor
• Rep. Dicks, Norman D. [D-WA-6] · D · Cosponsor
• · hswm00 · Standing

Related records

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