,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #ddbi  ,,in ,,the ,,house ,,of  
,,representatives  ,april #h1 #bjad ,mr4
 ,tiberi 7for himself1 ,mr4 ,neal1 ,mr4 
,sam ,johnson of ,texas1 ,mr4 ,larson of
 ,connecticut1 ,mr4 ,brady of ,texas1   
,mr4 ,kind1 ,mr4 ,nunes1 ,mr4 ,pascrell1
 ,mr4 ,boustany1 ,mr4 ,crowley1 ,mr4    
,schock1 ,mr4 ,reed1 ,ms4 ,linda ,t4    
,snchez of ,california1 ,mr4 ,young of  
,indiana1 and ,mr4 ,thompson of         
,california7 introduced the following   
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to permanently extend   
the subpart ,f exemption for active     
financing income4  #a4 ,permanent       
subpart ,f exemption for active         
financing income  7a7 ,banking1         
financing1 or similar businesses        
,subsection 7h7 of section #ied of the  
,internal ,revenue ,code of #aihf       
7relating to special rule for income    
derived in the active conduct of        

banking1 financing1 or similar          
businesses7 is amended by striking      
paragraph 7#i74  7b7 ,insurance         
businesses ,subsection 7e7 of section   
#iec of such ,code 7relating to exempt  
insurance income7 is amended by striking
 paragraph 7#aj7 and by redesignating   
paragraph 7#aa7 as paragraph 7#aj74  7c7
 ,effective date ,the amendments made by
 this section shall apply to taxable    
years of a foreign corporation beginning
 after ,december #ca1 #bjac1 and to     
taxable years of ,united ,states        
shareholders with or within which such  
taxable years of such foreign           
corporation end4