US Congress House Bill 2339 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 8-0)
Status: Introduced on May 3 2017 - 25% progression, died in committee
Action: 2017-05-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Capital Access for Small Business Banks Act This bill amends the Internal Revenue Code to allow a bank or a depository institution holding company which is an S corporation to: (1) have 500 shareholders (the current limit is 100 shareholders), and (2) issue qualified preferred bank stock. The bill makes a distribution of qualified preferred bank stock to a shareholder includible in the gross income of the shareholder and allows the bank or holding company to deduct the amount of such distribution.

Capital Access for Small Business Banks Act

Rep. Kenny Marchant [R-TX]	Rep. Lynn Jenkins [R-KS]	Rep. Lamar Smith [R-TX]	Rep. Blaine Luetkemeyer [R-MO]
Rep. Matt Gaetz [R-FL]	Rep. Bill Posey [R-FL]	Rep. Dennis Ross [R-FL]	Rep. Francis Rooney [R-FL]

Date	Chamber	Action
2017-05-03	House	Referred to the House Committee on Ways and Means.
2017-05-03	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/2339/all-info
Text	https://www.congress.gov/115/bills/hr2339/BILLS-115hr2339ih.pdf