II 110th CONGRESS 2d Session S. 3692 IN THE SENATE OF THE UNITED STATES November 19, 2008 Mr. Sanders introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To rescind Treasury Notice 2008–83.

1.

Rescission of Treasury Notice 2008–83

Treasury Notice 2008–83 (suspending the rule in section 382 of the Internal Revenue Code of 1986 that disallows use of a net unrealized built-in loss for financial institutions) is considered null and void and of no effect. The Internal Revenue Code of 1986 shall be applied and administered as if Treasury Notice 2008–83 had never been issued.