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HR 4424 115th Congress House

To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for interest on certain small business loans.

Introduced: November 16, 2017 See on congress.gov
Taxation Agricultural prices, subsidies, creditBusiness investment and capitalIncome tax exclusionInterest, dividends, interest ratesSmall business
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Nov 16, 2017
Introduced in House
Nov 16, 2017
Referred to the House Committee on Ways and Means.
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 Latest action November 16, 2017

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

This bill amends the Internal Revenue Code to exclude from the gross income of certain banks interest received on small business loans of up to $5 million.

The bill applies to loans that are: (1) secured by land situated in the United States that is used or held by the small business in connection with the active conduct of a farming business, or (2) incurred in the ordinary course of the trade or business of the small business.

To be eligible for the exclusion, the bank must: (1) have less than $50 billion in assets at the closing of the preceding taxable year, and (2) receive the interest before 2019.

 Related & companion bills 1
  • S 2378 Related bill Access Business Credit Act of 2018
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 2 Republican 2
R
Walberg, Tim
Michigan · Jun 5, 2018
Walz, Timothy
· Feb 14, 2018
 D
Schneider, Bradley Scott
Illinois · Jan 29, 2018
 R
Grothman, Glenn
Wisconsin · Jan 9, 2018
Pearce, Stevan
· Dec 11, 2017
 D
Costa, Jim
California · Nov 28, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4424: To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for interest on certain small business loans.. 115th Congress. Open America. https://openamerica.io/bill/115-HR-4424/
MLA
"H.R. 4424: To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for interest on certain small business loans.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-4424/.
Bluebook (legal)
H.R. 4424, 115th Cong. (2026), https://openamerica.io/bill/115-HR-4424/.
Markdown link
[H.R. 4424: To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for interest on certain small business loans.](https://openamerica.io/bill/115-HR-4424/)
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