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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.
6/15/2026, 8:04 PM
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.
Read the Full Bill
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
TaxationAlternate 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
Paige Chang
950
8 days ago
I support this bill because it will help me save money on my vehicle loan interest.
Gianna Grant
931
8 days ago
I can't believe this crap! Why should I have to pay for someone else's vehicle loan interest? This is ridiculous! It's just another way for the government to take more of my hard-earned money. I'm sick of these politicians thinking they can just pass whatever they want without considering how it will impact the average American. This is not fair at all.
Sponsors and Cosponsors of S 4653
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