HR 5886 · 101th Congress · Taxation

To clarify the treatment of certain Federal financial assistance provided to savings and loan institutions.

Introduced 1990-10-21· Sponsored by Rep. Guarini, Frank J. [D-NJ-14]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1990-10-21)

Plain Language Summary

[AI summary unavailable — showing source text] 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).…

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