,,ib  ,union ,cal5d> ,no4 #cae  #aac?   
,,congress  #b;d ,session  ,h4 ,r4 #ddbi
  ,report ,no4 #aac-dbg  ,,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  ,may #b1 #bjad          
,additional sponsors3 ,mr4 ,roskam &    
,mr4 ,smi? ( ,nebraska  ,may #b1 #bjad  
,report$ ) an am5dm5t1 committ$ to !    
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union1 & ord]$ to be pr9t$ ,/rike out
 all aft] ! enact+ clause & ins]t ! "p  
pr9t$ 9 italic  ,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  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,p]man5t ,active   
,f9anc+ ,exception ,act ( #bjad4  #b4   
,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  ,may #b1 #bjad        
,report$ ) an am5dm5t1 committ$ to !    
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union1 & ord]$ to be pr9t$