There is one summary for H.R.3947. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (05/22/1998)

Amends provisions of the Internal Revenue Code (IRC) concerning liquidation of corporate subsidiaries to provide that if a corporation receives a distribution from a regulated investment company or a real estate investment trust which is considered as being in complete liquidation of such company or trust, then, notwithstanding other specified IRC provisions, such corporation shall recognize and treat as a dividend from such company or trust an amount equal to the deduction for dividends paid allowable to such company or trust by reason of such distribution.