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HR 1220 107th Congress House

Community Savings and Investment Act of 2001

Official title: To amend the Internal Revenue Code of 1986 to encourage a strong community-based banking system.

Introduced: March 27, 2001 Introduced by: Sessions, Pete Republican · Texas See on congress.gov
Taxation Business income taxCommerceCommunity development bankingCorporation taxes
More subjectsShow fewer subjects
Depressed areasEconomics and Public FinanceFinance and Financial SectorIncome taxPersonal income taxTax exclusionTax rates
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 27, 2001
Referred to the House Committee on Ways and Means.
Mar 27, 2001
Introduced in House
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 Latest action March 27, 2001

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Community Savings and Investment Act of 2001 - Amends the Internal Revenue Code to: (1) establish a separate tax rate for a qualified community lender; and (2) permit the exclusion from gross income of distressed community banking income.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Republican 2
R
Moran, Jerry
Kansas · May 25, 2001
 R
Aderholt, Robert B.
Alabama · May 23, 2001
LAMPSON, NICK
· May 23, 2001
COMBEST, LARRY
· May 10, 2001
SANDLIN, MAX
· May 1, 2001
NETHERCUTT, GEORGE
· Apr 26, 2001
STENHOLM, CHARLES
· Apr 26, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1220: Community Savings and Investment Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1220/
MLA
"H.R. 1220: Community Savings and Investment Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1220/.
Bluebook (legal)
H.R. 1220, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1220/.
Markdown link
[H.R. 1220: Community Savings and Investment Act of 2001](https://openamerica.io/bill/107-HR-1220/)
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