CONGRESS FOR VOTERS

Jeff Merkley (D-OR)

S.Amdt. 4346

S.Amdt. 4346 · Senate amendment

A Democratic amendment with 1 Republican cosponsor · See the cosponsor

Changes H.R. 6644 — 21st Century ROAD to Housing Act

Not adopted

This amendment was never taken up, and the bill finished without it. It was never voted on.

Its path through Congress

  1. Introduced
  2. Pending Consideration
  3. Failed

What this amendment would do

SA 4346, submitted by Mr. Merkley and Mr. Hawley, is intended to be proposed to amendment SA 4308 to the bill H.R. 6644, which is a bill to increase the supply of housing in America.

The purpose of this amendment is to disallow certain deductions for large institutional investors. Specifically, it aims to add the following changes to the Internal Revenue Code of 1986:

  • Mortgage interest: It removes the allowance for deductions regarding interest paid or accrued by a large institutional investor.

  • Depreciation: It removes the allowance for deductions regarding any property held by a large institutional investor.

These changes would apply to taxable years starting more than 5 years after the date the Act is enacted.