legislation: 102-hr-5657

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
102-hr-5657 102 hr 5657 To amend the Internal Revenue Code of 1986 with respect to the treatment of deposits under certain perpetual insurance policies. Taxation 1992-07-22 1992-08-05 Received in the Senate and read twice and referred to the Committee on Finance. House Rep. Cardin, Benjamin L. [D-MD-3] MD D C000141 2 Amends the Internal Revenue Code to exclude a deposit made by a policyholder under a qualified perpetual insurance policy from provisions governing the treatment of loans with below-market interest rates. Describes such a policy as one: (1) which provides insurance for property damage or casualty with respect to certain residential property (or the contents thereof); and (2) which is funded only by the policyholder placing a cash deposit (and does not provide for any periodic premiums) and such deposit is fully refundable upon cancellation. 2025-01-03T20:55:56Z  

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