S 1157 · 101th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to allow individuals who do not itemize deductions to deduct losses from failed financial institutions which are treated as ordinary losses.

Introduced 1989-06-09· Sponsored by Sen. Exon, J. James [D-NE]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(1989-06-09)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow individuals who do not itemize to deduct losses from failed financial institutions which are treated as ordinary losses.…

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

Cosponsors (1)

1 Democrat
Sen. Kerrey, J. Robert [D-NE]NE