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    <number>1016</number>
    <updateDate>2019-02-20T23:07:45Z</updateDate>
    <updateDateIncludingText>2019-02-23T20:34:37Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
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    <introducedDate>2011-05-17</introducedDate>
    <congress>112</congress>
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        <name>Finance Committee</name>
        <chamber>Senate</chamber>
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          <item>
            <name>Referred to</name>
            <date>2011-05-17T21:37:50Z</date>
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    <relatedBills>
      <item>
        <title>Municipal Bond Market Support Act of 2012</title>
        <congress>112</congress>
        <number>5705</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2012-05-14</actionDate>
          <text>Referred to the Subcommittee on Trade.</text>
        </latestAction>
        <relationshipDetails>
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            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
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        <actionDate>2011-05-17</actionDate>
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            <systemCode>ssfi00</systemCode>
            <name>Finance Committee</name>
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        <text>Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3059)</text>
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      <item>
        <actionDate>2011-05-17</actionDate>
        <text>Sponsor introductory remarks on measure. (CR S3058-3059)</text>
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        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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        <actionDate>2011-05-17</actionDate>
        <text>Introduced in Senate</text>
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          <code>9</code>
          <name>Library of Congress</name>
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        <bioguideId>B000468</bioguideId>
        <fullName>Sen. Bingaman, Jeff [D-NM]</fullName>
        <firstName>JESSE</firstName>
        <lastName>BINGAMAN</lastName>
        <party>D</party>
        <state>NM</state>
        <middleName>FRANCIS</middleName>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>C000880</bioguideId>
        <fullName>Sen. Crapo, Mike [R-ID]</fullName>
        <firstName>Mike</firstName>
        <lastName>Crapo</lastName>
        <party>R</party>
        <state>ID</state>
        <sponsorshipDate>2011-05-17</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000148</bioguideId>
        <fullName>Sen. Kerry, John F. [D-MA]</fullName>
        <firstName>JOHN</firstName>
        <lastName>KERRY</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>FORBES</middleName>
        <sponsorshipDate>2011-05-17</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S000663</bioguideId>
        <fullName>Sen. Snowe, Olympia J. [R-ME]</fullName>
        <firstName>Olympia</firstName>
        <lastName>Snowe</lastName>
        <party>R</party>
        <state>ME</state>
        <middleName>J.</middleName>
        <sponsorshipDate>2011-05-17</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C000141</bioguideId>
        <fullName>Sen. Cardin, Benjamin L. [D-MD]</fullName>
        <firstName>Ben</firstName>
        <lastName>Cardin</lastName>
        <party>D</party>
        <state>MD</state>
        <sponsorshipDate>2011-05-17</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000386</bioguideId>
        <fullName>Sen. Grassley, Chuck [R-IA]</fullName>
        <firstName>Charles</firstName>
        <lastName>Grassley</lastName>
        <party>R</party>
        <state>IA</state>
        <middleName>E.</middleName>
        <sponsorshipDate>2011-05-17</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000367</bioguideId>
        <fullName>Sen. Klobuchar, Amy [D-MN]</fullName>
        <firstName>Amy</firstName>
        <lastName>Klobuchar</lastName>
        <party>D</party>
        <state>MN</state>
        <sponsorshipDate>2011-10-31</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Taxation</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Income tax deductions</name>
        </item>
        <item>
          <name>Income tax exclusion</name>
        </item>
        <item>
          <name>Inflation and prices</name>
        </item>
        <item>
          <name>Interest, dividends, interest rates</name>
        </item>
        <item>
          <name>Securities</name>
        </item>
        <item>
          <name>State and local finance</name>
        </item>
        <item>
          <name>Tax-exempt organizations</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Taxation</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2011-05-17</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2012-06-09T14:43:49Z</updateDate>
        <text><![CDATA[ <p>Municipal Bond Market Support Act of 2011 - Amends Internal Revenue Code provisions relating to the small issuer exemption from interest expense allocation rules for financial institutions to: (1) permanently increase from $10 million to $30 million the annual limit on the amount of tax-exempt obligations that a small issuer may issue, and (2) allow an inflation adjustment to such increased limit amount after 2011.</p>]]></text>
      </summary>
    </summaries>
    <title>Municipal Bond Market Support Act of 2011</title>
    <titles>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Municipal Bond Market Support Act of 2011</title>
      </item>
      <item>
        <titleType>Display Title</titleType>
        <title>Municipal Bond Market Support Act of 2011</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to permanently modify the limitations on the deduction of interest by financial institutions which hold tax-exempt bonds, and for other purposes.</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in Senate</type>
        <date>2011-05-17T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-112s1016is/xml/BILLS-112s1016is.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2011-05-17</actionDate>
      <text>Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3059)</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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