A bill to amend the Internal Revenue Code of 1954 to provide the same treatment, with respect to determination of sources of income, for interest paid by foreign branches of domestic banks and interest paid by foreign branches of domestic savings and loan institutions.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to provide the same tax treatment, with respect to determination of sources of income, to interest paid by foreign branches of domestic banks and interest paid by foreign branches of domestic savings and loan institutions.…