The end date is struck and mortgage insurance premiums get their own rule
What the document says“Mortgage insurance premiums treated as interest.--Clause (iv) of subparagraph (E) shall not apply.”
The section strikes the words and before January 1, 2026 from clause (i) of section 163(h)(3)(F) of the Internal Revenue Code of 1986, redesignates two subclauses and fixes the cross reference that followed, and inserts a new subclause providing that clause (iv) of subparagraph (E) does not apply to mortgage insurance premiums treated as interest. It also strikes clause (ii), redesignates clauses (iii) and (iv) as (ii) and (iii), and replaces 2018 Through 2025 in the heading with Beginning After 2017.
What the document actually says“Mortgage insurance premiums treated as interest.--Clause (iv) of subparagraph (E) shall not apply.”
A new rule is added on mortgage insurance premiums. It says one clause of an older rule does not apply to them.
The section also takes an end date out of the same rule. The heading is reworded to match. So the limit carries on with no end year.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.