HR 1135 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to clarify the treatment of certain Federal financial assistance provided to savings and loan institutions.

Introduced 1991-02-27· Sponsored by Rep. Guarini, Frank J. [D-NJ-14]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Committee Hearings Held.(1992-02-11)

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

Cosponsors (20)

14 Democrats6 Republicans
Rep. Moody, Jim [D-WI-5]WI
Rep. Gonzalez, Henry B. [D-TX-20]TX
Rep. Levin, Sander M. [D-MI-17]MI
Rep. Rangel, Charles B. [D-NY-16]NY
Rep. Gradison, Willis D., Jr. [R-OH-2]OH
Rep. Gibbons, Sam [D-FL-7]FL
Rep. Schulze, Richard T. [R-PA-5]PA
Rep. Johnson, Nancy L. [R-CT-6]CT
Rep. Matsui, Robert T. [D-CA-3]CA
Rep. Thomas, William M. [R-CA-20]CA
Rep. Donnelly, Brian J. [D-MA-11]MA
Rep. Bunning, Jim [R-KY-4]KY
Rep. Sundquist, Don [R-TN-7]TN
Rep. Vento, Bruce F. [D-MN-4]MN
Rep. Kanjorski, Paul E. [D-PA-11]PA
Rep. Kaptur, Marcy [D-OH-9]OH
Rep. Collins, Cardiss [D-IL-7]IL
Rep. Towns, Edolphus [D-NY-11]NY
Rep. Lehman, William [D-FL-17]FL
Rep. Schroeder, Patricia [D-CO-1]CO