A bill to amend the Internal Revenue Code of 1954 to delay the inclusion in gross income of interest on certain deposits which are subject to withdrawal restrictions by reason of the bankruptcy or insolvency of the financial institution or of a State requirement related to such a bankruptcy or insolvency.

Amends the Internal Revenue Code to delay the inclusion in gross income of interest on certain financial institution deposits which are subject to withdrawal restrictions by reason of the bankruptcy or insolvency of the financial institution or of a State requirement related to such bankruptcy or insolvency.