,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #dhje  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #bc1 #bjai,mr4
 ,kim 7= himself1 ,mr4 ,bur*ett1 & ,ms4 
,k5dra ,s4 ,horn ( ,oklahoma7 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 ,%ort title ,?is ,act may be
 cit$ z ! ,access ,bus9ess ,cr$it ,act (
 #bjai or z ! ,,abc ,act ( #bjai4  #b4  
,exclusion ( int]e/ on c]ta9 small      
bus9ess loans  7a7 ,9 g5]al ,"p ,,iii ( 
sub*apt] ,b ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 aft] section #aci;,g ! foll[+ new      
section3  #aci;,h4 ,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 #bjbe4  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;,g ! foll[+ new  
item3  ,sec4 #aci;,h4 ,int]e/ on c]ta9  
small bus9ess loans4  4  7c7 ,report to 
,congress ,n lat] ?an ,decemb] #ca1     
#bjbd1 ! ,commission] ( ,int]nal        
,rev5ue1 aft] consultation ) ! ,f$]al   
res]ve banks1 %all submit to ,congress a
 writt5 report provid+ ! recomm5dation (

 ! ,commission] reg>d+ :e!r ! exclusion 
provid$ "u section #aci;,h ( ! ,int]nal 
,rev5ue ,code ( #aihf 7z add$ by ?is    
section7 %\ld be ext5d$ or %\ld be all[$
 to t]m9ate & ! reasons = su*           
recomm5dation4  7d7 ,effective date ,!  
am5dm5ts made by ?is section %all apply 
to int]e/ receiv$ aft] ,decemb] #ca1    
#bjbj1 9 taxable ye>s end+ aft] su*     
date4