SQUEAL Act

Bill: 115-hr-4217
Sponsor: full_name: Rep. Schweikert, David [R-AZ-6]
Introduced: 2017-11-01
Policy area: Taxation
Subjects: Business expenses

Income tax deductions

Members of Congress
Latest action: action_date: 2017-11-01
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2017-11-01
action_desc: Introduced in House
text: <p><b>Stop Questionable, Unnecessary, and Excessive Allowances for Legislators Act or the SQUEAL Act </b></p> <p>This bill amends the Internal Revenue Code to eliminate the deduction for living expenses incurred by Members of Congress. (Under current law, the deduction is limited to $3,000 per year.) </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4217 IN THE HOUSE OF REPRESENTATIVES November 1, 2017 Mr. Schweikert (for himself and Mr. Walker ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to eliminate the deduction for living expenses incurred by Members of Congress.

1. Short title This Act may be cited as the Stop Questionable, Unnecessary, and Excessive Allowances for Legislators Act or the SQUEAL Act . 2. Elimination of deduction for living expenses incurred by Members of Congress (a) In general Subsection (a) of section 162 of the Internal Revenue Code of 1986 is amended in the matter following paragraph (3) by striking in excess of $3,000 . (b) Effective date The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.