,i  #aadth ,,congress  #ast ,session    
,h4 ,r4 #cice  ,,in ,,the ,,house ,,of  
,,representatives  ,november #e1 #bjae  
,mr4 ,pocan 7for himself1 ,ms4 ,norton1 
,mr4 ,garamendi1 ,ms4 ,lee1 ,mr4        
,ellison1 and ,mr4 ,nadler7 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 terminate the
 deferral of active income of controlled
 foreign corporations4  #a4 ,short title
 ,this ,act may be cited as the ,putting
 ,america ,first ,corporate ,tax ,act4  
#b4 ,termination of deferral of active  
income of controlled foreign            
corporations  7a7 ,in general ,section  
#ieb of the ,internal ,revenue ,code of 
#aihf is amended by adding at the end   
the following new subsection3  7e7      
,special application of subpart  7#a7   
,in general ,for taxable years beginning
 after ,december #ca1 #bjae1            
notwithstanding any other provision of  
this subpart1 the term subpart ,f income

 means1 in the case of any controlled   
foreign corporation1 the income of such 
corporation derived from any foreign    
country4  7#b7 ,applicable rules ,rules 
similar to the rules under the last     
sentence of subsection 7a7 and          
subsection 7d7 shall apply to this      
subsection4  4  7b7 ,effective date ,the
 amendment made by subsection 7a7 shall 
apply to taxable years beginning after  
,december #ca1 #bjae4