,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #cjhc  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,july #ae1 #bjae ,mr4 
,williams introduc$ ! foll[+ bill2 :i* 0
 ref]r$ to ! ,committee on ,ways &      
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to make p]man5t ! 
divid5ds receiv$ d$uction = repatriat$  
=eign e>n+s1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,br+ ,jobs ,back to ,am]ica ,act (      
#bjae4  #b4 ,modification & p]man5t     
ext5sion ( ! inc5tives to re9ve/ =eign  
e>n+s 9 ! ,unit$ ,/ates  7a7            
,repatriation subject to #e p]c5t tax   
rate ,section #ife7;a77#a7 ( ! ,int]nal 
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
#he p]c5t & ins]t+ #he4g p]c5t4  7b7    
,p]man5t ext5sion ,to elect repatriation
 ,section #ife7;f7 ( su* ,code is am5d$ 
to read z foll[s3  7f7 ,election ,!     
taxpay] may elect to apply ?is section  
to any taxable ye> only if made on or   
be=e ! due date 7includ+ ext5sions7 =   
fil+ ! return ( tax = su* taxable ye>4  

4  7c7 ,repatriation includes curr5t &  
accumulat$ =eign e>n+s  7#a7 ,9 g5]al   
,section #ife7;b77#a7 ( su* ,code is    
am5d$ to read z foll[s3  7#a7 ,9 g5]al  
,! am\nt ( divid5ds tak5 into acc\nt "u 
subsection 7a7 %all n exce$ ! sum ( !   
curr5t & accumulat$ e>n+s & pr(its      
describ$ 9 section #iei7;c77#c7 = ! ye> 
a d$uction is claim$ "u subsection 7a71 
)\t dim9ution by reason ( any           
di/ributions made dur+ ! election ye>1 =
 all controll$ =eign corporations ( !   
,unit$ ,/ates %>ehold]4  4  7#b7 ,con=m+
 am5dm5ts  7,a7 ,section #ife7;b7 ( su* 
,code is am5d$ by /rik+ p>agraph 7#b7 & 
by r$esignat+ p>agraphs 7#c7 & 7#d7 z   
p>agraphs 7#b7 & 7#c71 respectively4    
7,b7 ,section #ife7;c7 ( su* ,code is   
am5d$ by /rik+ p>agraphs 7#a7 & 7#b7 &  
by r$esignat+ p>agraphs 7#c71 7#d71 &   
7#e7 z p>agraphs 7#a71 7#b71 & 7#c71    
respectively4  7,c7 ,section            
#ife7;c77#c7 ( su* ,code1 z r$esignat$  
by subp>agraph 7,b71 is am5d$ to read z 
foll[s3  7#c7 ,controll$ gr\ps ,all     

,unit$ ,/ates %>ehold]s :i* are memb]s (
 an affiliat$ gr\p fil+ a consolidat$   
return "u section #aeja %all be treat$ z
 "o ,unit$ ,/ates %>ehold]4  4  7d7     
,cl]ical am5dm5ts  7#a7 ,! head+ =      
section #ife ( su* ,code is am5d$ by    
/rik+ ,tempor>y4  7#b7 ,! table (       
sections = subp>t ,f ( "p ,,iii (       
sub*apt] ,n ( *apt] #a ( su* ,code is   
am5d$ by /rik+ ,tempor>y divid5ds &     
ins]t+ ,divid5ds4  7e7 ,effective date  
,! am5dm5ts made by ?is section %all    
apply to taxable ye>s end+ aft] ! date (
 ! enactm5t ( ?is ,act4