A bill to clarify that certain 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.

referredUnited States· United States Congress· EN

Introduced

18 May 1993

Last action

—

Status

Read twice and referred to the Committee on Finance.

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

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

3 official files

Introduced in Senate (text)
Introduced in Senate · EN · 18 May 1993
View Download Open at official source
Introduced in Senate (PDF)
Introduced in Senate · EN · 18 May 1993
View Download Open at official source
Introduced in Senate
summary · EN · 18 May 1993
Open at official 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/103rd-congress/senate-bill/972
Open data entity: https://api.congress.gov/v3/bill/103/s/972