H.R. 1135 — To amend the Internal Revenue Code of 1986 to clarify the treatment of certain Federal financial assistance provided to savings and loan institutions.

Summary

Requires that, except in specified instances, Federal financial assistance be taken into account when determining losses or bad debts of savings and loans institutions (thus denying income tax deductions for losses or bad debts to the extent Federal assistance has compensated for them).

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Legislative Actions

1991-02-27
Introduced in House
1991-02-27
Introduced in House
1991-02-27
Referred to the House Committee on Ways and Means.
1992-02-11
Committee Hearings Held.

To amend the Internal Revenue Code of 1986 to clarify the treatment of certain Federal financial assistance provided to savings and loan institutions.

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