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- H.R.2789
H.R.2789: Capital Access for Small Business Banks Act
About This Bill
- Introduced June 16, 2015
- Latest Major Action June 16, 2015
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (All Republicans)
Bill 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...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| June 16, 2015 |
Referred to the House Committee on Ways and Means.
|
| June 16, 2015 |
Introduced in the House by Kenny Marchant (R-Texas) |