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    <number>3692</number>
    <updateDate>2022-02-03T05:08:49Z</updateDate>
    <updateDateIncludingText>2022-02-03T05:08:49Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
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    <introducedDate>2008-11-19</introducedDate>
    <congress>110</congress>
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        <name>Finance Committee</name>
        <chamber>Senate</chamber>
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            <name>Referred to</name>
            <date>2008-11-19T15:39:04Z</date>
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      <item>
        <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>
        <congress>110</congress>
        <number>7300</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2008-11-20</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
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        <actionDate>2008-11-19</actionDate>
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            <name>Finance Committee</name>
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        <text>Read twice and referred to the Committee on Finance.</text>
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      <item>
        <actionDate>2008-11-19</actionDate>
        <text>Introduced in Senate</text>
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        <actionCode>10000</actionCode>
        <sourceSystem>
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          <name>Library of Congress</name>
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    <sponsors>
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        <bioguideId>S000033</bioguideId>
        <fullName>Sen. Sanders, Bernard [I-VT]</fullName>
        <firstName>Bernard</firstName>
        <lastName>Sanders</lastName>
        <party>I</party>
        <state>VT</state>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Administrative procedure</name>
        </item>
        <item>
          <name>Bank mergers</name>
        </item>
        <item>
          <name>Department of the Treasury</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Internal revenue law</name>
        </item>
        <item>
          <name>Law</name>
        </item>
        <item>
          <name>Losses</name>
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        <item>
          <name>Tax deductions</name>
        </item>
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      <policyArea>
        <name>Taxation</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2008-11-19</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2008-12-19T20:22:57Z</updateDate>
        <text><![CDATA[ <p>Renders 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) null and void and of no effect.</p>]]></text>
      </summary>
    </summaries>
    <title>A bill to rescind Treasury Notice 2008-83.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>A bill to rescind Treasury Notice 2008-83.</title>
      </item>
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        <titleType>Official Title as Introduced</titleType>
        <title>A bill to rescind Treasury Notice 2008-83.</title>
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        <type>Introduced in Senate</type>
        <date>2008-11-19T05:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-110s3692is/xml/BILLS-110s3692is.xml</url>
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    <latestAction>
      <actionDate>2008-11-19</actionDate>
      <text>Read twice and referred to the Committee on Finance.</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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