S.2916: A bill to provide that Internal Revenue Service Notice 2010-2 shall have no force and effect and to amend the Internal Revenue Code of 1986 to restrict the authority of the Secretary of the Treasury to prescribe regulations under section 382 of such Code.

About This Bill

  • This bill was introduced in the 111th Congress
  • This bill is primarily about taxation
  • Introduced Dec. 18, 2009
  • Latest Major Action Dec. 18, 2009

Bill Sponsor

Bill Summary

Nullifies Internal Revenue Service Notice 2010-2 (guidance regarding the application of section 382 of the Internal Revenue Code to corporations whose instruments are acquired and disposed of by the Department of Treasury pursuant to the Emergency Economic Stabilization Act of 2008). Amends the Internal Revenue Code to prohibit the Secretary of the Treasury from prescribing any regulation after December 18, 2009, that provides an exemption or...

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Finance.
Dec. 18, 2009

Introduced in the Senate by Jim Bunning (R-Ky.)

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