Securitization Enhancement Act of 1995

Summary

Securitization Enhancement Act of 1995 - Amends the Internal Revenue Code to exempt from taxation Financial Asset Securitization Investment Trusts (FASIT) and prohibit the treatment of FASITs as trusts, partnerships, corporations, or taxable mortgage pools. Directs the holder of an ownership interest in a FASIT to take into account the holder's daily portion of the taxable income or net loss of such FASIT for each day during the taxable year on which such holder held such interest. Provides that gains and losses shall not be recognized to the transferor or the FASIT in a qualified exchange. Disregards for all Federal tax purposes the transfer or issuance of an ownership interest or a permitted debt instrument to a disqualified holder.

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

Timeline

1. 29 June 1995

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 29 June 1995

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 June 1995

   Introduced

   Introduced in House

   Source: IntroReferral

4. 30 June 1995

   Introduced

   Sponsor introductory remarks on measure. (CR E1369-1371)

   Source: IntroReferral

5. 11 July 1995

   Committee

   Committee Hearings Held.

   Source: Committee

6. 12 July 1995

   Committee

   Committee Hearings Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 June 1995 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 June 1995

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 June 1995

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 29 June 1995

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Shaw, E. Clay, Jr. [R-FL-22] · R · Sponsor
• Rep. Rangel, Charles B. [D-NY-15] · D · Sponsor
• Rep. Zimmer, Dick [R-NJ-12] · R · Sponsor
• Rep. McDermott, Jim [D-WA-7] · D · Sponsor
• Rep. Payne, Lewis F., Jr. [D-VA-5] · D · Sponsor
• Rep. Kennelly, Barbara B. [D-CT-1] · D · Sponsor
• Sen. Cardin, Benjamin L. [D-MD] · D · Sponsor
• Rep. English, Phil [R-PA-3] · R · Sponsor
• Rep. Johnson, Sam [R-TX-3] · R · Sponsor
• Rep. Hancock, Mel [R-MO-7] · R · Sponsor
• Rep. Christensen, Jon [R-NE-2] · R · Sponsor
• Rep. Neal, Richard E. [D-MA-1] · D · Sponsor
• Rep. Crane, Philip M. [R-IL-8] · R · Sponsor
• Rep. Thomas, William M. [R-CA-21] · R · Sponsor
• Rep. Collins, Mac [R-GA-3] · R · Sponsor
• Rep. Kleczka, Gerald D. [D-WI-4] · D · Sponsor
• Rep. Dunn, Jennifer [R-WA-8] · R · Sponsor
• Rep. Houghton, Amo [R-NY-31] · R · Sponsor
• Rep. Matsui, Robert T. [D-CA-5] · D · Sponsor
• Rep. Johnson, Nancy L. [R-CT-5] · R · Sponsor
• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• Rep. Nussle, Jim [R-IA-2] · R · Sponsor
• Sen. Portman, Rob [R-OH] · R · Sponsor
• Rep. Camp, Dave [R-MI-4] · R · Cosponsor
• Sen. Ensign, John [R-NV] · R · Cosponsor
• Rep. Lewis, John [D-GA-5] · D · Cosponsor
• Rep. McCrery, Jim [R-LA-4] · R · Cosponsor
• Rep. Ramstad, Jim [R-MN-3] · R · Cosponsor
• Sen. Bunning, Jim [R-KY] · R · Cosponsor
• Rep. Laughlin, Greg [D-TX-14] · R · Cosponsor
• · hswm00 · Standing

Related records

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