HR 1326 · 102th Congress · Taxation

To clarify that 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.

Introduced 1991-03-07· Sponsored by Sen. Dorgan, Byron L. [D-ND-None]· 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 (13)

11 Democrats2 Republicans
Rep. Evans, Lane [D-IL-17]IL
Rep. Costello, Jerry F. [D-IL-21]IL
Rep. Santorum, Rick [R-PA-18]PA
Rep. Johnson, Tim [D-SD-At Large]SD
Rep. DeFazio, Peter A. [D-OR-4]OR
Rep. Jontz, Jim [D-IN-5]IN
Rep. Hertel, Dennis M. [D-MI-14]MI
Rep. Eckart, Dennis E. [D-OH-11]OH
Rep. Lowey, Nita M. [D-NY-20]NY
Rep. Mineta, Norman Y. [D-CA-13]CA
Rep. Frank, Barney [D-MA-4]MA
Rep. Petri, Thomas E. [R-WI-6]WI
Rep. Dicks, Norman D. [D-WA-6]WA