,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #ddbd  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #af1         
#bjag,mr4 ,blum 7= himself1 ,mr4 ,*abot1
 & ,mr4 ,cri/7 introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to provide an     
exclusion f gross income = int]e/ on    
c]ta9 small bus9ess loans4  #a4         
,exclusion ( int]e/ on c]ta9 small      
bus9ess loans  7a7 ,9 g5]al ,"p ,,iii ( 
sub*apt] ,b ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #aci;,f ! foll[+ new      
section3  #aci;,g4 ,int]e/ on c]ta9     
small bus9ess loans  7a7 ,9 g5]al ,9 !  
case ( a bank describ$ 9 subsection 7c71
 gross income %all n include qualifi$   
int]e/ receiv$ f a small bus9ess dur+ ! 
taxable ye>4  7b7 ,qualifi$ int]e/ ,!   
t]m qualifi$ int]e/ means1 ) respect to 
a small bus9ess1 int]e/ on indebt$ness (
 n m ?an #e1jjj1jjj-- 7#a7 secur$ by l& 
situat$ 9 ! ,unit$ ,/ates t is us$ or   

held by ! small bus9ess 9 connection ) !
 active conduct ( a f>m+ bus9ess1 or    
7#b7 incurr$ 9 ! ord9>y c\rse ( ! trade 
or bus9ess ( ! small bus9ess4  7c7 ,bank
 describ$  7#a7 ,9 g5]al ,a bank is     
describ$ 9 ?is subsection if ! bank has 
less ?an #ej billion 9 assets at ! close
 ( ! prec$+ taxable ye>4  7#b7 ,bank    
def9$ ,= purposes ( ?is subsection--    
7,a7 ,9 g5]al ,! t]m bank means--  7i7  
any f9ancial in/itution describ$ 9      
section #eha or #eia1 &  7ii7 a         
corporation :i*1 "u ! laws ( ! ,/ate (  
its incorporation1 is subject to        
sup]vision & exam9ation by !            
,commission] ( ,bank+ or o!r (fic] ( su*
 ,/ate 9 *>ge ( ! adm9i/ration ( ! bank+
 laws ( su* ,/ate4  7,b7 ,hold+ company 
,! t]m bank includes-- 7i7 any bank     
hold+ company 7)9 ! mean+ ( section     
#b7;a7 ( ! ,bank ,hold+ ,company ,act ( 
#aief71 &  7ii7 any subsidi>y ( a       
f9ancial in/itution describ$ 9 section  
#eha or #eia or ( any bank hold+ company
 if su* subsidi>y is pr$om9antly engag$ 

7directly or indirectly7 9 ! active     
conduct ( a bank+1 f9anc+1 or simil>    
bus9ess4  7d7 ,small bus9ess ,! t]m     
small bus9ess means a small bus9ess     
conc]n z def9$ "u section #c ( ! ,small 
,bus9ess ,act 7#ae ,u4,s4,c4 #fcb74  7e7
 ,f>m+ bus9ess ,! t]m f>m+ bus9ess has !
 mean+ giv5 su* t]m by section          
#bfc;,a7e77#d74  7f7 ,t]m9ation ,?is    
section %all n apply to int]e/ receiv$  
aft] ,decemb] #ca1 #bjah4  4  7b7       
,cl]ical am5dm5t ,! table ( sections =  
"p ,,iii ( sub*apt] ,b ( *apt] #a ( su* 
,code is am5d$ by ins]t+ aft] ! item    
relat+ to section #aci;,f ! foll[+ new  
item3  ,sec4 #aci;,g4 ,int]e/ on c]ta9  
small bus9ess loans4  4  7c7 ,effective 
date ,! am5dm5ts made by ?is section    
%all apply to int]e/ receiv$ 9 taxable  
ye>s beg9n+ aft] ,decemb] #ca1 #bjag4