PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 492 (100th)

Reckless Risk Recovery Act of 1987

referredUnited States· United States Congress· EN

Introduced

7 January 1987

Last action

7 January 1987 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Jacobs, Andrew, Jr. [D-IN-11]

Subjects

Taxation

Source updated

28 August 2025

Taxation

Summary

Reckless Risk Recovery Act of 1987 - Amends the Internal Revenue Code to impose an excise tax on financial institutions which have outstanding loans to foreign governments which are insolvent and which have received funds from the United States since they became insolvent.

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

Timeline

  1. 7 January 1987

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 7 January 1987

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 7 January 1987

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Sponsors

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.