,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dgjj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #ba1 #bjad ,mr4  
,g>dn] introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to increase ! limitation 
on ! d$uction = /ud5t loan int]e/4  #a4 
,increase 9 limitation on d$uction =    
/ud5t loan int]e/  7a7 ,9 g5]al ,section
 #bba7;b77#a7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$ by /rik+ ! am\nt      
det]m9$ & all t foll[s & ins]t+ #e1jjj44
  7b7 ,inflation adju/m5t ,subsection   
7f7 ( section #bba ( su* ,code is am5d$ 
by--  7#a7 r$esignat+ p>agraphs 7#a7 &  
7#b7 z p>agraphs 7#b7 & 7#c71           
respectively1 & ins]t+ be=e p>agraph    
7#b7 7z s r$esignat$7 ! foll[+ new      
p>agraph3  7#a7 ,doll> limitation ,9 !  
case ( any taxable ye> beg9n+ aft]      
#bjae1 ! #e1jjj am\nt 9 subsection      
7b77#a7 %all be increas$ by an am\nt    
equal to--  7,a7 su* doll> am\nt1       
multipli$ by  7,b7 ! co/-(-liv+ adju/m5t

 det]m9$ "u section #a7;f77#c7 = !      
cal5d> ye> 9 :i* ! taxable ye> beg9s1   
det]m9$ by sub/itut+ cal5d> ye> #bjad = 
cal5d> ye> #aiib 9 subp>agraph 7,b7     
!re(4  1  7#b7 9 p>agraph 7#b7 7z s     
r$esignat$71 by /rik+ ,9 g5]al 9 ! head+
 !re( & ins]t+ ,limitation bas$ on      
modifi$ adju/$ gross income1 &  7#c7 9  
p>agraph 7#c7 7z s r$esignat$7--  7,a7  
by /rik+ p>agraph 7#a7 & ins]t+ p>agraph
 7#a7 or 7#b71 &  7,b7 by ins]t+ 7#ajj 9
 ! case ( any adju/m5t "u p>agraph 7#a77
 aft] #e1jjj bo? places x appe>s4  7c7  
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjad4