United States · Bill · S
S. 2305 (101st)
Taxpayers Debt Exposure Reduction Act
Introduced
20 March 1990
Last action
—
Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
26 August 2025
Summary
Taxpayers Debt Exposure Reduction Act - Amends the Internal Revenue Code to deny the net operating loss deduction for business conducted in controlled countries. Makes it unlawful for certain financial institutions to extend credit to countries subject to national security controls unless such credit bears interest at a rate in excess of the prime rate. Requires public disclosure of such credit extensions.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
No timeline events have been ingested for this record yet.
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
2 official files
Introduced in Senate (text)
Introduced in Senate · EN
Introduced in Senate
summary · EN · 20 March 1990
Sponsors
No sponsors or actors listed by the source.
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/101st-congress/senate-bill/2305
- Open data entity: https://api.congress.gov/v3/bill/101/s/2305