United States · Bill · S
S. 414 (99th)
Fairness in Corporate Takeovers Act of 1985
Introduced
6 February 1985
Last action
—
Status
Committee on Finance requested executive comment from OMB, Treasury Department.
Sponsors
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Subjects
Discovery layer
Source updated
29 August 2025
Summary
Fairness in Corporate Takeovers Act of 1985 - Amends the Internal Revenue Code to disallow an income tax deduction for interest paid or incurred on any loan which is used to acquire control of a corporation if a majority of the independent members of the board of directors of such corporation disapprove of such acquisition.
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 6 February 1985
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/senate-bill/414
- Open data entity: https://api.congress.gov/v3/bill/99/s/414