[14047]
October 12, 2001
TO: OPERATIONS COMMITTEE No. 30-01
TAX COMMITTEE No. 27-01
TECHNOLOGY ADVISORY COMMITTEE No. 10-01
TRANSFER AGENT ADVISORY COMMITTEE No. 82-01
SMALL FUNDS COMMITTEE No. 15-01
RE: SECURING AMERICA INVESTMENT ACT OF 2001
The Securing America Investment Act of 2001 (H.R. 2970) would allow a taxpayer to
treat the cost of any “qualifying security device” as a current expense deductible for the taxable
year for which such device is placed in service. The definition of qualifying security device
includes biometric identification device or system, and computers and software used to combat
cyber terrorism.
Attached for your review is a copy of H.R. 2970. The Institute is interested in your
comments on H.R. 2970. Please forward your comments to the undersigned no later than Friday
October 19. I may be reached at salmon@ici.org or by phone at (202) 326-5869.
Peter Salmon
Director - Operations/Technology
Attachment
Attachment (in .pdf format)