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A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
6/3/2026, 10:56 AM
Summary of Bill S 4653
This bill, designated as S. 4653 in the 119th Congress and introduced on June 2, 2026, aims to amend the Internal Revenue Code of 1986 to permit a deduction for loan interest payments associated with specific vehicles.
Current Status of Bill S 4653
Bill S 4653 is currently in the status of Bill Introduced since June 2, 2026. Bill S 4653 was introduced during Congress 119 and was introduced to the Senate on June 2, 2026. Bill S 4653's most recent activity was Read twice and referred to the Committee on Finance. as of June 2, 2026
Bipartisan Support of Bill S 4653
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4653
Primary Policy Focus
Alternate Title(s) of Bill S 4653
A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
Comments
Sponsors and Cosponsors of S 4653
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