Federal RuleAug 21
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DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
114-hr-2789114th Congress
Capital Access for Small Business Banks Act
Sponsored By: Representative Marchant, Kenny [R-TX-24]
Unknown
Summary
Capital Access for Small Business Banks Act This bill amends the Internal Revenue Code to allow a bank or a depository institution holding company which is an S corporation to: (1) have 500 shareholders (the current limit is 100 shareholders), and (2) issue qualified preferred bank stock. The bill makes a distribution of qualified preferred bank stock to a shareholder includible in the gross income of the shareholder and allows the bank or holding company to deduct the amount of such distribution.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Marchant, Kenny [R-TX-24]
TX • R
Cosponsors
Rep. Black, Diane [R-TN-6]
TN • R
Sponsored 6/16/2015
LAMAR SMITH
TX • R
Sponsored 6/16/2015
Rep. Luetkemeyer, Blaine [R-MO-3]
MO • R
Sponsored 6/25/2015
Rep. Holding, George [R-NC-2]
NC • R
Sponsored 10/22/2015
WILLIAM THORNBERRY
TX • R
Sponsored 12/11/2015
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov