3.0.0 1894 2023-01-15T09:03:30Z 2023-01-15T09:03:30Z Senate S S 2003-11-19 108 ssfi00 Finance Committee Senate Standing Referred to 2003-11-19T23:41:21Z 2003-11-19 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2003-11-19 Introduced in Senate IntroReferral 10000 9 Library of Congress B000468 Sen. Bingaman, Jeff [D-NM] JESSE BINGAMAN D NM FRANCIS N A000121 Sen. Allen, George [R-VA] GEORGE ALLEN R VA F. 2003-11-19 True H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2003-11-19 True Taxation Bank loans Commerce Debtor and creditor Families Finance and Financial Sector Foreign Trade and International Finance Foreign corporations Income tax Insurance companies Interest Securities Tax deductions Taxation 00 2003-11-19 Introduced in Senate 2003-12-10T20:15:00Z Amends the Internal Revenue Code to eliminate the limitation for the deduction of interest for interest payments on debt guaranteed by a foreign person as long as the taxpayer establishes that it could have borrowed the same amount of debt from an unrelated lender without a guarantee.

Revises the definition of disqualified interest.

]]> A bill to amend the Internal Revenue Code of 1986 to provide for the deduction of interest paid in certain situations where the debt is guaranteed by a related foreign person. Display Title A bill to amend the Internal Revenue Code of 1986 to provide for the deduction of interest paid in certain situations where the debt is guaranteed by a related foreign person. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide for the deduction of interest paid in certain situations where the debt is guaranteed by a related foreign person. Introduced in Senate IS Introduced in Senate 2003-11-19T05:00:00Z 2003-11-19 Read twice and referred to the Committee on Finance. text/xml EN 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. Congressional Research Service, Library of Congress 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.