To amend the Internal Revenue Code of 1986 to deny the deduction for interest on certain corporate stock acquisition indebtedness.

Amends the Internal Revenue Code to place additional limitations on the deductibility by a C corporation of interest on corporate stock acquisition indebtedness, denying a deduction for such interest in excess of $5,000,000 incurred in connection with any acquisition of stock pursuant to the acquiring corporation's plan to acquire 50 percent or more (by vote or value) of the stock in a corporation.