US HB4323 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on December 15 2009 - 25% progression, died in committee
Action: 2009-12-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Amends the Internal Revenue Code to allow insured depository banks with assets not exceeding $10 billion a general business tax credit for their financial regulation compliance expenditures. Defines "financial regulation compliance expenditures" as any state or federal fees or assessments imposed on insured depository institutions and any amounts paid by such institutions to comply with supervision or examination by state or federal bank regulators.

Tracking Information

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Title

To amend the Internal Revenue Code of 1986 to allow a credit against tax for certain costs relating to compliance with financial regulations.

Sponsors


History

DateChamberAction
2009-12-15 Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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