A bill to provide for the current capital treatment of certain estimated losses experienced in connection with the loss of savings through fraud and mismanagement of an uninsured thrift institution.

[AI summary unavailable — showing source text] Treats as a loss from the sale or exchange of a capital asset the amount of a taxpayer's loss which he may reasonably be expected to suffer in connection with his savings in a thrift institution which was placed under a temporary receiver in December, 1975, and which, as of March 14, 1977, was being administered by trustees appointed by a judge of a United States District Court. Increases from $2,000 to $4,000 the applicable amount allowed in addition to the extent of the loss, in the case of a taxpayer who has reached age 65 before January 1, 1978, and who has suffered such a loss of his savings.…