A bill to amend the Internal Revenue Code of 1954 to deny any deduction for the expenses of attending foreign conventions or seminars on methods of tax evasion through foreign investments.

Amends the Internal Revenue Code to disallow an income tax deduction for the expenses of attending any foreign conventions, seminars, or similar meetings if one of the purposes of any such meetings is providing information on investments outside the United States where information on income from such investments is not disclosable by reason of bank secrecy laws, investments in bearer form, or otherwise.