Introduced:
May 6, 2025
Policy Area:
Taxation
Congress.gov:
Bill Statistics
2
Actions
3
Cosponsors
0
Summaries
1
Subjects
1
Text Versions
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Full Text
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Latest Action
May 6, 2025
Read twice and referred to the Committee on Finance.
Actions (2)
Read twice and referred to the Committee on Finance.
Type: IntroReferral
| Source: Senate
May 6, 2025
Introduced in Senate
Type: IntroReferral
| Source: Library of Congress
| Code: 10000
May 6, 2025
Subjects (1)
Taxation
(Policy Area)
Cosponsors (3)
(D-VT)
May 6, 2025
May 6, 2025
(D-VA)
May 6, 2025
May 6, 2025
(R-IN)
May 6, 2025
May 6, 2025
Full Bill Text
Length: 1,812 characters
Version: Introduced in Senate
Version Date: May 6, 2025
Last Updated: Nov 15, 2025 6:20 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1603 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 1603
To amend the Internal Revenue Code of 1986 to clarify the tax-exempt
controlled entity rules with respect to certain stock of government-
sponsored enterprises.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
May 6, 2025
Mr. Moran (for himself, Mr. Young, Mr. Welch, and Mr. Warner)
introduced the following bill; which was read twice and referred to the
Committee on Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to clarify the tax-exempt
controlled entity rules with respect to certain stock of government-
sponsored enterprises.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[S. 1603 Introduced in Senate
(IS) ]
<DOC>
119th CONGRESS
1st Session
S. 1603
To amend the Internal Revenue Code of 1986 to clarify the tax-exempt
controlled entity rules with respect to certain stock of government-
sponsored enterprises.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
May 6, 2025
Mr. Moran (for himself, Mr. Young, Mr. Welch, and Mr. Warner)
introduced the following bill; which was read twice and referred to the
Committee on Finance
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to clarify the tax-exempt
controlled entity rules with respect to certain stock of government-
sponsored enterprises.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Preserving Rural Housing Investments
Act''.
SEC. 2.
RESPECT TO CERTAIN STOCK OF GOVERNMENT-SPONSORED
ENTERPRISES.
(a) In General.--
ENTERPRISES.
(a) In General.--
Section 168
(h)
(6)
(F)
(iii)
(I) of the Internal
Revenue Code of 1986 is amended by adding at the end the following new
sentence: ``For purposes of applying the preceding sentence to the
Federal Home Loan Mortgage Corporation and the Federal National
Mortgage Association, the term `tax-exempt entity' shall not include
the United States or any agency or instrumentality of the United
States.
(h)
(6)
(F)
(iii)
(I) of the Internal
Revenue Code of 1986 is amended by adding at the end the following new
sentence: ``For purposes of applying the preceding sentence to the
Federal Home Loan Mortgage Corporation and the Federal National
Mortgage Association, the term `tax-exempt entity' shall not include
the United States or any agency or instrumentality of the United
States.''.
(b) Effective Date.--The amendment made by this section shall apply
to taxable years ending after July 30, 2008.
<all>