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          <title>WashingtonWatch.com - H.R. 3420, The 1031 Regulation Act of 2007</title>
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<title>Revision by webmaster (September 24, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3420.html?rev=10475</link>
<description>&lt;p&gt;H.R. 3420 would amend the Internal Revenue Code of 1986 to require the use of Federally insured intermediaries for nonrecognition treatment on like-kind exchanges involving cash to be used to acquire the replacement property.&lt;/p&gt;


&lt;h2 id=&quot;toc0&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;1031 Regulation Act of 2007 - Amends the Internal Revenue Code to require the use of a federally insured depository institution or credit union to hold cash to be used in a tax-free exchange of properties to acquire like-kind property.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc1&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 8/3/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc2&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc3&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">10475@http://www.washingtonwatch.com</guid>
<pubDate>Mon, 24 Sep 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (August 4, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3420.html?rev=8338</link>
<description>&lt;p&gt;H.R. 3420 would amend the Internal Revenue Code of 1986 to require the use of Federally insured intermediaries for nonrecognition treatment on like-kind exchanges involving cash to be used to acquire the replacement property.&lt;/p&gt;


&lt;h2 id=&quot;toc4&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc5&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to update the status of the bill!)&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc6&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc7&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">8338@http://www.washingtonwatch.com</guid>
<pubDate>Sat, 04 Aug 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (August 4, 2007, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_3420.html?rev=8339</link>
<description>&lt;p&gt;H.R. 3420 would amend the Internal Revenue Code of 1986 to require the use of Federally insured intermediaries for nonrecognition treatment on like-kind exchanges involving cash to be used to acquire the replacement property.&lt;/p&gt;


&lt;h2 id=&quot;toc8&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc9&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 8/3/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc10&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc11&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">8339@http://www.washingtonwatch.com</guid>
<pubDate>Sat, 04 Aug 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of August 3, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3420.html</link>
<description>8/3/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.</description>
<guid isPermaLink="false">24995@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 03 Aug 2007 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of August 3, 2007</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_3420.html</link>
<description>8/3/2007: Referred to House committee. Status: Referred to the House Committee on Ways and Means.</description>
<guid isPermaLink="false">28378@http://www.washingtonwatch.com</guid>
<pubDate>Fri, 03 Aug 2007 00:00:00 EDT</pubDate>
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