A bill to repeal the changes made by the Tax Reform Act of 1976 in the limitations on the deduction for interest on investment indebtedness.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code with respect to investment indebtedness to: (1) repeal the provision of the Tax Reform Act of 1976 which limits the interest deduction to $10,000 ($5,000, in the case of a separate return by a married individual): and (2) restore the former Code provision which limited the interest deduction to $25,000 ($12,500 in the case of a separate return by a married individual).…