To amend the Internal Revenue Code of 1986 to restrict the partial exclusion from income of interest on loans used to acquire employer securities to cases where employees receive a significant ownership interest in a corporation, and for other purposes.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

40 cosponsors — 39 Republicans, 1 Democrat

1 of 40 cosponsors (2%) are from the other party.

Richard Baker (R-LA), Thomas Bliley (R-VA), Jim Bunning (R-KY), Dan Burton (R-IN), Howard Coble (R-NC), Larry Craig (R-ID), Philip Crane (R-IL), William Dannemeyer (R-CA), Chuck Douglas (R-NH), David Dreier (R-CA), John Duncan (R-TN), Elton Gallegly (R-CA), Newt Gingrich (R-GA), Porter Goss (R-FL), Melton Hancock (R-MO), J. Hastert (R-IL), Wally Herger (R-CA), Clyde Holloway (R-LA), Duncan Hunter (R-CA), Jim Inhofe (R-OK), Andrew Ireland (R-FL), Jon Kyl (R-AZ), Martin Lancaster (D-NC), Donald Lukens (R-OH), Jim McCrery (R-LA), Bob McEwen (R-OH), J. McMillan (R-NC), John Miller (R-WA), Howard Nielson (R-UT), Bill Paxon (R-NY) and 10 more.

More from the sponsor

Other 101st Congress bills sponsored by Rep. Cass Ballenger.

• H.R. 5388 (101st) Western North Carolina Wilderness Protection Act of 1990
• H.R. 1461 (101st) To amend the Tariff Act of 1930 to require that certain revenues attributable to tariffs levied on imports of textile machinery and parts…
• H.R. 3878 (101st) To extend for 5 years the existing suspension of duty on machines designed for heat-set stretch texturing of continuous man-made fiber.
• H.R. 5936 (101st) To amend the Tariff Act of 1930 to require that certain revenues attributable to tariffs levied on imports of textile machinery and parts…

Sponsor’s state and district

North Carolina in Congress · NC-10 district