,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #ddbi  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #h1 #bjad ,mr4 
,tib]i 7= himself1 ,mr4 ,neal1 ,mr4 ,sam
 ,johnson ( ,texas1 ,mr4 ,l>son (       
,connecticut1 ,mr4 ,brady ( ,texas1 ,mr4
 ,k9d1 ,mr4 ,nunes1 ,mr4 ,pascrell1 ,mr4
 ,b\/any1 ,mr4 ,cr[ley1 ,mr4 ,s*ock1    
,mr4 ,re$1 ,ms4 ,l9da ,t4 ,sn*ez (      
,cali=nia1 ,mr4 ,"y ( ,indiana1 & ,mr4  
,?ompson ( ,cali=nia7 introduc$ ! foll[+
 bill2 :i* 0 ref]r$ to ! ,committee on  
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to       
p]man5tly ext5d ! subp>t ,f exemption = 
active f9anc+ income4  #a4 ,p]man5t     
subp>t ,f exemption = active f9anc+     
income  7a7 ,bank+1 f9anc+1 or simil>   
bus9esses ,subsection 7h7 ( section #ied
 ( ! ,int]nal ,rev5ue ,code ( #aihf     
7relat+ to special rule = income d]iv$ 9
 ! active conduct ( bank+1 f9anc+1 or   
simil> bus9esses7 is am5d$ by /rik+     
p>agraph 7#i74  7b7 ,insurance bus9esses
 ,subsection 7e7 ( section #iec ( su*   

,code 7relat+ to exempt insurance       
income7 is am5d$ by /rik+ p>agraph 7#aj7
 & by r$esignat+ p>agraph 7#aa7 z       
p>agraph 7#aj74  7c7 ,effective date ,! 
am5dm5ts made by ?is section %all apply 
to taxable ye>s ( a =eign corporation   
beg9n+ aft] ,decemb] #ca1 #bjac1 & to   
taxable ye>s ( ,unit$ ,/ates %>ehold]s )
 or )9 :i* su* taxable ye>s ( su* =eign 
corporation end4