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    <updateDate>2021-09-29T17:25:48Z</updateDate>
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    <originChamber>House</originChamber>
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    <introducedDate>2008-11-20</introducedDate>
    <congress>110</congress>
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      <item>
        <title>A bill to rescind Treasury Notice 2008-83.</title>
        <congress>110</congress>
        <number>3692</number>
        <type>S</type>
        <latestAction>
          <actionDate>2008-11-19</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2008-11-20</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <bioguideId>D000399</bioguideId>
        <fullName>Rep. Doggett, Lloyd [D-TX-25]</fullName>
        <firstName>LLOYD</firstName>
        <lastName>DOGGETT</lastName>
        <party>D</party>
        <state>TX</state>
        <district>25</district>
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        <fullName>Rep. McDermott, Jim [D-WA-7]</fullName>
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        <state>WA</state>
        <district>7</district>
        <sponsorshipDate>2008-11-20</sponsorshipDate>
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        <fullName>Rep. Stark, Fortney Pete [D-CA-13]</fullName>
        <firstName>PETE</firstName>
        <lastName>STARK</lastName>
        <party>D</party>
        <state>CA</state>
        <district>13</district>
        <sponsorshipDate>2008-11-20</sponsorshipDate>
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        <fullName>Rep. Pascrell, Bill, Jr. [D-NJ-8]</fullName>
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        <state>NJ</state>
        <middleName>J.</middleName>
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        <sponsorshipDate>2008-11-20</sponsorshipDate>
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        <fullName>Rep. Lewis, John [D-GA-5]</fullName>
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        <lastName>LEWIS</lastName>
        <party>D</party>
        <state>GA</state>
        <district>5</district>
        <sponsorshipDate>2008-11-20</sponsorshipDate>
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        <bioguideId>B000574</bioguideId>
        <fullName>Rep. Blumenauer, Earl [D-OR-3]</fullName>
        <firstName>EARL</firstName>
        <lastName>BLUMENAUER</lastName>
        <party>D</party>
        <state>OR</state>
        <district>3</district>
        <sponsorshipDate>2008-12-10</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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        <bioguideId>S000480</bioguideId>
        <fullName>Rep. Slaughter, Louise McIntosh [D-NY-28]</fullName>
        <firstName>LOUISE</firstName>
        <lastName>SLAUGHTER</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>M.</middleName>
        <district>28</district>
        <sponsorshipDate>2008-12-10</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>T000460</bioguideId>
        <fullName>Rep. Thompson, Mike [D-CA-1]</fullName>
        <firstName>MIKE</firstName>
        <lastName>THOMPSON</lastName>
        <party>D</party>
        <state>CA</state>
        <district>1</district>
        <sponsorshipDate>2008-12-10</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001156</bioguideId>
        <fullName>Rep. Sánchez, Linda T. [D-CA-39]</fullName>
        <firstName>Linda</firstName>
        <lastName>Sánchez</lastName>
        <party>D</party>
        <state>CA</state>
        <middleName>T.</middleName>
        <district>39</district>
        <sponsorshipDate>2008-12-10</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
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          <name>Administrative law and regulatory procedures</name>
        </item>
        <item>
          <name>Banking and financial institutions regulation</name>
        </item>
        <item>
          <name>Business investment and capital</name>
        </item>
        <item>
          <name>Congressional oversight</name>
        </item>
        <item>
          <name>Corporate finance and management</name>
        </item>
        <item>
          <name>Department of the Treasury</name>
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        <item>
          <name>Government studies and investigations</name>
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          <name>Income tax deductions</name>
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      <policyArea>
        <name>Taxation</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2008-11-20</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2008-12-19T20:25:43Z</updateDate>
        <text><![CDATA[ <p>Limits the applicability of Treasury Notice 2008-83 (suspending restrictions on the offset of net operating losses and unrealized built-in losses against the taxable income of certain corporate entities that acquire or merge with other entities) to a period beginning on September 30, 2008, and ending on the earlier of the date of the first committee action on this Act or the date on which the Chairman of the House Committee on Ways and Means and the Chairman of the Senate Committee on Finance issue a joint statement indicating their intent to to terminate the application of such notice. Directs the Inspector General of the Department of the Treasury to conduct an investigation into the issuance of Treasury Notice 2008-83 and report to Congress on such investigation.</p>]]></text>
      </summary>
    </summaries>
    <title>To provide for the proper application under the Internal Revenue Code of 1986 of the limitations on built-in losses following an ownership change of a bank.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>To provide for the proper application under the Internal Revenue Code of 1986 of the limitations on built-in losses following an ownership change of a bank.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To provide for the proper application under the Internal Revenue Code of 1986 of the limitations on built-in losses following an ownership change of a bank.</title>
      </item>
    </titles>
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        <type>Introduced in House</type>
        <date>2008-11-20T05:00:00Z</date>
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    <latestAction>
      <actionDate>2008-11-20</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <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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