A bill to amend section 584 of the Internal Revenue Code of 1954 with respect to the treatment of affiliated banks for purposes of the common trust fund provisions of such code.
Public Law 94-414 · H.R. 5071 · 94th Congress · began in the House
Signed by Gerald Ford (R) on Sep 17, 1976 · Taxation
Sponsor: Rep. Barber Conable (R-NY-35)
Cosponsors: None
Passage votes
- HouseMethod not stated
- SenateMethod not stated
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Revises the Internal Revenue Code to treat two or more banks which are members of the same affiliated group as one bank for the period of affiliation with respect to any common trust fund of which any of the member banks is trustee or two or more of the member banks are co-trustees.
Makes such revision effective for taxable years beginning after December 31, 1975.
Extends until October 1, 1976, the current income tax withholding rates.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 14 actions.
- Sep 17, 1976Became lawBecame law · Signed by President.
- PresidentPresident · Public law 94-414.
- Sep 16, 1976PresidentPresident · Measure presented to President.
- PresidentPresident · Measure enrolled in Senate.
- Sep 15, 1976PresidentPresident · Measure enrolled in House.
- Sep 14, 1976Resolving differencesResolving differences · House agreed to Senate amendments.
- FloorFloor · Measure passed Senate, amended.
- Aug 27, 1976CommitteeCommittee · Reported by Senate Finance Committee
- May 17, 1976CommitteeCommittee · Referred to Senate Finance Committee
- May 13, 1976FloorFloor · Measure passed House, amended.
- FloorFloor · Measure called up by unanimous consent in House.
- Mar 11, 1976CommitteeCommittee · Reported by House Ways and Means Committee
- Mar 18, 1975CommitteeCommittee · Referred to House Ways and Means Committee
- IntroducedIntroduced · Introduced in the House
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.