Fortified by the opinions of such great men. I submit to the Senate. for its consideration and approval. the following amendment to the bill to revise the internal revenue laws of the United States: On page 31. after section 122. insert: Sic. 122. Interest on certain governmental obligations of the Federal Republic of Western Germany. (A) General rule: Gross income does not Include interest on obligations issued by the Lastenausglelchsbank of the Federal Republic of Western Germany. (B) Limitation: Subsection (A) shall apply only to obligations issued for the purpose of making funds available to finance the acquisition or improvement of real property which is to be used for family dwellings (consisting of not more than two family units) with individual ownership of each of such family dwellings by individuals who axe (1) refugees. (2) escapees. or (3) residents of the Federal Republic of Western Germany who lost their homes through war action in World War II. Mr. President. in making a brief summary statement of the purpose of the amendment. let me point out that approximately 11 million people entered Germany as expellees or escapees.
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refugees