A bill to amend the Internal Revenue Code of 1986 to deny interest and depreciation deductions for certain taxpayers, and for other purposes.

# Summary of S. 3904 **What the Bill Would Do** This bill would change tax rules for certain taxpayers by limiting their ability to deduct interest payments and depreciation expenses from their taxable income. Interest deductions allow businesses and investors to reduce their taxes by deducting money they pay on loans, while depreciation deductions let them deduct the declining value of assets like buildings and equipment.

The bill would restrict these deductions for specific types of taxpayers, though the exact details aren't fully specified in the available information. **Who It Affects and Current Status** The bill would primarily affect businesses and investors who currently use these deductions to lower their tax bills. The bill was introduced by Senator Elizabeth Warren (D-MA) but is currently in committee, meaning it has not yet been debated or voted on by the full Senate. Without additional legislative action, it remains in the early stages of the congressional process and may not advance further.