To clarify the tax treatment of bonds and other obligations issued by the Government of American Samoa.

(This measure has not been amended since it was introduced in the House on February 27, 2003. The summary of that version is repeated here.)Amends the Internal Revenue Code to provide that the interest on any bonds issued by or on behalf of the Government of American Samoa shall be exempt from income taxation by the Government of American Samoa and the governments of any of the several States, the District of Columbia, any territory or possession of the United States, and any subdivision thereof.