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  <bill>
    <number>971</number>
    <updateDate>2023-01-15T22:03:54Z</updateDate>
    <updateDateIncludingText>2023-01-15T22:03:54Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2003-02-27</introducedDate>
    <congress>108</congress>
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        <name>Ways and Means Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2003-02-27T18:05:10Z</date>
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    <actions>
      <item>
        <actionDate>2003-02-27</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
        <type>IntroReferral</type>
        <actionCode>H11100</actionCode>
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          <name>House floor actions</name>
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            <name>Ways and Means Committee</name>
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        <actionDate>2003-02-27</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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        <actionDate>2003-02-27</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>B000013</bioguideId>
        <fullName>Rep. Bachus, Spencer [R-AL-6]</fullName>
        <firstName>SPENCER</firstName>
        <lastName>BACHUS</lastName>
        <party>R</party>
        <state>AL</state>
        <district>6</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Dividends</name>
        </item>
        <item>
          <name>Finance and Financial Sector</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Information disclosure (Securities law)</name>
        </item>
        <item>
          <name>Interest</name>
        </item>
        <item>
          <name>Mutual funds</name>
        </item>
        <item>
          <name>Real estate investment</name>
        </item>
        <item>
          <name>Tax exclusion</name>
        </item>
        <item>
          <name>Tax returns</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-02-27</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2006-11-28T17:35:40Z</updateDate>
        <text><![CDATA[Small Savers Relief Act of 2003 - Amends the Internal Revenue Code to exclude up to $100 ($200 for joint filers) of interest earned by individuals from gross income.<p>Provides special rules for: (1) distributions from trusts, regulated investment companies, and real estate investment trusts; and (2) nonresident alien eligibility for such exclusion.<p>Increases the threshold for reporting interest paid from $10 to $100.]]></text>
      </summary>
    </summaries>
    <title>Small Savers Relief Act of 2003</title>
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        <titleType>Display Title</titleType>
        <title>Small Savers Relief Act of 2003</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to exclude $100 of interest from gross income and to raise the threshhold for reporting interest paid to $100.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Small Savers Relief Act of 2003</title>
      </item>
    </titles>
    <textVersions>
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        <type>Introduced in House</type>
        <date>2003-02-27T05:00:00Z</date>
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    <latestAction>
      <actionDate>2003-02-27</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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