Skip to main content
HR 3439 111th Congress House Taxation Banking and financial institutions regulation Business investment and capital Income tax deductions Lawyers and legal services Sales and excise taxes Tax administration and collection, taxpayers

Close the SILO/LILO Loophole Act of 2009

Introduced: July 31, 2009 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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
Jul 31, 2009
Referred to the House Committee on Ways and Means.
Jul 31, 2009
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Close the SILO/LILO Loophole Act of 2009 - Amends the Internal Revenue Code to: (1) impose a 100% excise tax on any income or benefits received from a SILO (sale-in/lease-out) or LILO (lease-in/lease-out) transaction involving a financial institution and a public entity; and (2) deny a tax deduction for attorney fees or other costs incurred by a party to a SILO or LILO transaction seeking to enforce the terms of such transaction.

What's happening now July 31, 2009

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 1341 Related bill Close the SILO/LILO Loophole Act of 2009
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4
D
Johnson, Henry C. "Hank"
Georgia · Oct 22, 2009
 D
Matsui, Doris O.
California · Sep 24, 2009
 D
Lofgren, Zoe
California · Sep 16, 2009
 D
Davis, Danny K.
Illinois · Jul 31, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3439: Close the SILO/LILO Loophole Act of 2009. 111th Congress. Open America. https://openamerica.io/bill/111-HR-3439/
MLA
"H.R. 3439: Close the SILO/LILO Loophole Act of 2009." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-3439/.
Bluebook (legal)
H.R. 3439, 111th Cong. (2026), https://openamerica.io/bill/111-HR-3439/.
Markdown link
[H.R. 3439: Close the SILO/LILO Loophole Act of 2009](https://openamerica.io/bill/111-HR-3439/)
Report a problem