HR 4389 · 101th Congress · Taxation

To amend the Internal Revenue Code of 1986 with respect to the treatment of interest paid in connection with certain life insurance contracts.

Introduced 1990-03-27· Sponsored by Rep. Kennelly, Barbara B. [D-CT-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1990-03-27)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to disallow a deduction for excess interest paid in connection with certain life insurance contracts. Modifies provisions with respect to indebtedness under such contracts. Requires the filing of information returns relating to changes in the insured under such contracts.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (10)

5 Democrats5 Republicans
Rep. Flippo, Ronnie G. [D-AL-5]AL
Rep. McGrath, Raymond J. [R-NY-5]NY
Rep. Sundquist, Don [R-TN-7]TN
Rep. Jenkins, Edgar L. [D-GA-9]GA
Rep. Matsui, Robert T. [D-CA-3]CA
Rep. Guarini, Frank J. [D-NJ-14]NJ
Rep. Johnson, Nancy L. [R-CT-6]CT
Rep. Kostmayer, Peter H. [D-PA-8]PA
Rep. Brown, Hank [R-CO-4]CO
Rep. Rowland, John G. [R-CT-5]CT