There is one summary for H.R.661. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/14/2001)

Life Insurance Tax Simplification Act of 2001 - Amends the Internal Revenue Code to repeal provisions: (1) providing for the reduction in certain deductions of mutual life insurance companies; and (2) relating to distributions to shareholders from pre-1984 policyholders surplus accounts.