A bill to amend the Internal Revenue Code of 1986 to impose an additional tax on financial institutions which have outstanding loans to foreign governments which are insolvent and receive funds from the United States.
Reckless Risk Recovery Act of 1987 - Amends the Internal Revenue Code to impose an excise tax on financial institutions which have outstanding loans to foreign governments which are insolvent and which have received funds from the United States since they became insolvent.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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