S. 4653 explained · 119th Congress · Pending in Congress
A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
Cosponsors: none · per Congress.gov, 2026-10-08
Introduced: 2026-06-02
Latest action (2026-06-02): Read twice and referred to the Committee on Finance.
What S. 4653 does, in plain terms
The Congressional Research Service has not published a summary of S. 4653 yet. Its official title: “A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.”.
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