,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #fhag  ,,in ,,the ,,house ,,of  
,,representatives  ,september #ac1      
#bjah,mrs4 ,carolyn ,b4 ,maloney of ,new
 ,york introduced the following bill2   
which was referred to the ,committee on 
,ways and ,means  ,a ,,bill  ,to amend  
the ,internal ,revenue ,code of #aihf to
 reinstate the deduction for interest on
 home equity indebtedness4  #a4 ,short  
title ,this ,act may be cited as the    
,home ,equity ,loan ,deduction          
,restoration ,act4  #b4 ,reinstatement  
of deduction for interest on home equity
 indebtedness  7a7 ,in general ,section 
#afc7;h77#c77;,f77i7 of the ,internal   
,revenue ,code of #aihf is amended by   
striking subclause 7,i7 and by          
redesignating subclauses 7,,ii71        
7,,iii71 and 7,,iv7 as subclauses 7,i71 
7,,ii71 and 7,,iii71 respectively4  7b7 
,conforming amendments  7#a7 ,section   
#afc7;h77#c77;,f77i77,,ii7 of such      
,code1 as redesignated by subsection    
7a71 is amended by striking ,subclause  

7,,ii7 and inserting ,subclause 7,i74   
7#b7 ,section                           
#afc7;h77#c77;,f77i77,,iii7 of such     
,code1 as redesignated by subsection    
7a71 is amended by striking subclause   
7,,iii7 and inserting subclause 7,,ii74 
7#c7 ,section #afc7;h77#c77;,f77iii77,i7
 of such ,code is amended by striking   
clause 7i77,,iii7 and inserting clause  
7i77,,ii74  7c7 ,effective date ,the    
amendments made by this section shall   
apply to taxable years beginning after  
,december #ca1 #bjag4