,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #djab  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,novemb] #af1 #bjae   
,mr4 ,grayson introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means1 & 9 addition to ! ,committees on
 ,transportation & ,infra/ructure &     
,vet]ans' ,affairs1 = a p]iod to be     
subsequ5tly det]m9$ by ! ,speak]1 9 ea* 
case = consid]ation ( su* provisions z  
fall )9 ! jurisdiction ( ! committee    
conc]n$  ,a ,,bill  ,to provide = a     
supplem5t>y paym5t to ,social ,security 
b5efici>ies1 supplem5tal security income
 b5efici>ies1 & recipi5ts ( vet]ans     
b5efits1 & = o!r purposes4  #a4 ,%ort   
title ,?is ,act may be cit$ z ! ,s5iors 
,& ,vet]ans ,em]g5cy ,b5efits ,act or ! 
,,save ,b5efits ,act4  #b4 ,"o-"t       
supplem5t>y paym5t to ,social ,security 
b5efici>ies & ,vet]ans  7a7 ,au?ority   
,to make paym5ts  7#a7 ,eligibility     
7,a7 ,9 g5]al ,subject to p>agraph      
7#d77;,c71 ! ,secret>y ( ! ,treasury    
%all disburse a paym5t equal to ! am\nt 

describ$ 9 subsection 7e7 to ea*        
individual :o1 = any mon? dur+ ! #c-mon?
 p]iod end+ ) ! mon? :i* ends prior to !
 mon? t includes ! date ( ! enactm5t (  
?is ,act1 is entitl$ to a b5efit paym5t 
describ$ 9 clause 7i71 7ii71 or 7iii7 ( 
subp>agraph 7,b71 or is eligible = an   
,,ssi ca% b5efit describ$ 9 subp>agraph 
7,c74  7,b7 ,b5efit paym5t describ$ ,=  
purposes ( subp>agraph 7,a73 7i7 ,title 
ii b5efit ,a b5efit paym5t describ$ 9   
?is clause is a mon?ly insurance b5efit 
payable 7)\t reg>d to sections          
#bjb7;j77#a7 & #bbc7;b7 ( ! ,social     
,security ,act 7#db ,u4,s4,c4           
#djb7;j77#a71 #dbc7;b777 "u--  7,i7     
section #bjb7;a7 ( su* ,act 7#db        
,u4,s4,c4 #djb7;a772  7,,ii7 section    
#bjb7;b7 ( su* ,act 7#db ,u4,s4,c4      
#djb7;b772  7,,iii7 section #bjb7;c7 (  
su* ,act 7#db ,u4,s4,c4 #djb7;c772      
7,,iv7 section #bjb7;d77#a77;,b77ii7 (  
su* ,act 7#db ,u4,s4,c4                 
#djb7;d77#a77;,b77ii772  7,v7 section   
#bjb7;e7 ( su* ,act 7#db ,u4,s4,c4      

#djb7;e772  7,,vi7 section #bjb7;f7 (   
su* ,act 7#db ,u4,s4,c4 #djb7;f772      
7,,vii7 section #bjb7;g7 ( su* ,act 7#db
 ,u4,s4,c4 #djb7;g772  7,,viii7 section 
#bjb7;h7 ( su* ,act 7#db ,u4,s4,c4      
#djb7;h772  7,,ix7 section #bbc7;a7 (   
su* ,act 7#db ,u4,s4,c4 #dbc7;a772  7,x7
 section #bbg ( su* ,act 7#db ,u4,s4,c4 
#dbg72 or  7,,xi7 section #bbh ( su*    
,act 7#db ,u4,s4,c4 #dbh74  7ii7        
,railroad retirem5t b5efit ,a b5efit    
paym5t describ$ 9 ?is clause is a mon?ly
 annuity or p5sion paym5t payable 7)\t  
reg>d to section #e7;a77ii7 ( !         
,railroad ,retirem5t ,act ( #aigd 7#de  
,u4,s4,c4 #bca;d7a77ii777 "u--  7,i7    
section #b7;a77#a7 ( su* ,act 7#de      
,u4,s4,c4 #bca;a7a77#a772  7,,ii7       
section #b7;c7 ( su* ,act 7#de ,u4,s4,c4
 #bca;a7c772  7,,iii7 section           
#b7;d77#a77;i7 ( su* ,act 7#de ,u4,s4,c4
 #bca;a7d77#a77;i772  7,,iv7 section    
#b7;d77#a77;ii7 ( su* ,act 7#de         
,u4,s4,c4 #bca;a7d77#a77;ii772  7,v7    
section #b7;d77#a77;iii77,c7 ( su* ,act 

to an adult disabl$ *ild 7#de ,u4,s4,c4 
#bca;a7d77#a77;iii77,c772  7,,vi7       
section #b7;d77#a77;iv7 ( su* ,act 7#de 
,u4,s4,c4 #bca;a7d77#a77;iv772  7,,vii7 
section #b7;d77#a77v7 ( su* ,act 7#de   
,u4,s4,c4 #bca;a7d77#a77v772 or         
7,,viii7 section #g7;b77#b7 ( su* ,act  
7#de ,u4,s4,c4 #bca;f7b77#b77 ) respect 
to any ( ! b5efit paym5ts describ$ 9    
clause 7i7 ( ?is subp>agraph4  7iii7    
,vet]ans b5efit ,a b5efit paym5t        
describ$ 9 ?is clause is a comp5sation  
or p5sion paym5t payable "u-- 7,i7      
section #aaaj1 #aaag1 #aaba1 #aaca1     
#aada1 or #aaea ( title #ch1 ,unit$     
,/ates ,code2  7,,ii7 section #acaj1    
#acab1 #acac1 #acae1 #acaf1 or #acah (  
title #ch1 ,unit$ ,/ates ,code2  7,,iii7
 section #aeac1 #aeba1 #aecc1 #aecf1    
#aecg1 #aeda1 #aedb1 or #aefb ( title   
#ch1 ,unit$ ,/ates ,code2 or  7,,iv7    
section #ahje1 #ahae1 or #ahba ( title  
#ch1 ,unit$ ,/ates ,code1  to a vet]an1 
surviv+ sp\se1 *ild1 or p>5t z describ$ 
9 p>agraph 7#b71 7#c71 7#d77;,a77ii71 or

 7#e7 ( section #aja1 title #ch1 ,unit$ 
,/ates ,code1 :o receiv$ t b5efit dur+  
any mon? )9 ! #c-mon? p]iod end+ ) !    
mon? :i* ends prior to ! mon? t includes
 ! date ( ! enactm5t ( ?is ,act4  7,c7  
,,ssi ca% b5efit describ$ ,an ,,ssi ca% 
b5efit describ$ 9 ?is subp>agraph is a  
ca% b5efit payable "u section #afaa 7o!r
 ?an "u subsection 7e77#a77;,b7 ( su*   
section7 or #afai7;a7 ( ! ,social       
,security ,act 7#db ,u4,s4,c4 #achb1    
#achb;h74  7#b7 ,no d\ble paym5ts ,an   
individual %all be paid only #a paym5t  
"u ?is section1 reg>dless ( :e!r !      
individual is entitl$ to1 or eligible =1
 m ?an #a b5efit paym5t describ$ 9      
p>agraph 7#a74  7#c7 ,limitation ,a     
paym5t "u ?is section %all n be made--  
7,a7 9 ! case ( an individual entitl$ to
 a b5efit specifi$ 9 p>agraph           
7#a77;,b77i7 or p>agraph                
7#a77;,b77ii77,,viii7 if1 = ! mo/ rec5t 
mon? ( su* individual's entitlem5t 9 !  
#c-mon? p]iod describ$ 9 p>agraph 7#a71 
su* individual's b5efit "u su* p>agraph 

0 n payable by reason ( subsection 7x7  
or 7y7 ( section #bjb ! ,social         
,security ,act 7#db ,u4,s4,c4 #djb7 or  
section #aabi;,a ( su* ,act 7#db        
,u4,s4,c4 #acbj;a-#h;a72  7,b7 9 ! case 
( an individual entitl$ to a b5efit     
specifi$ 9 p>agraph 7#a77;,b77iii7 if1 =
 ! mo/ rec5t mon? ( su* individual's    
entitlem5t 9 ! #c-mon? p]iod describ$ 9 
p>agraph 7#a71 su* individual's b5efit  
"u su* p>agraph 0 n payable1 or 0 r$uc$1
 by reason ( section #aeje1 #ecac1 or   
#ecac;,b ( title #ch1 ,unit$ ,/ates     
,code2  7,c7 9 ! case ( an individual   
entitl$ to a b5efit specifi$ 9 p>agraph 
7#a77;,c7 if1 = su* mo/ rec5t mon?1 su* 
individual's b5efit "u su* p>agraph 0 n 
payable by reason ( subsection          
7e77#a77;,a7 or 7e77#d7 ( section #afaa 
7#db ,u4,s4,c4 #achb7 or section        
#aabi;,a ( su* ,act 7#db ,u4,s4,c4      
#acbj;a-#h72  7,d7 9 ! case ( an        
individual :o has be5 p5aliz$ "u section
 #aabi7;a7 ( ! ,social ,security ,act   
7#db ,u4,s4,c4 #acbj-h7;a772 or  7,e7 9 

! case ( any individual ^: date ( dea?  
occurs be=e ! date on :i* ! individual  
is c]tifi$ "u subsection 7b7 to receive 
a paym5t "u ?is section4  7#d7 ,tim+ &  
mann] ( paym5ts  7,a7 ,9 g5]al ,!       
,secret>y ( ! ,treasury %all comm5ce    
disburs+ paym5ts "u ?is section at !    
e>lie/ practicable date b 9 no ev5t lat]
 ?an #abj days aft] ! date ( enactm5t ( 
?is ,act4 ,! ,secret>y ( ! ,treasury may
 disburse any paym5t electronically to  
an individual 9 su* mann] z if su*      
paym5t 0 a b5efit paym5t to su*         
individual "u ! applicable program      
describ$ 9 subp>agraph 7,b7 or 7,c7 (   
p>agraph 7#a74  7,b7 ,notice  7i7 ,9    
g5]al ,! ,secret>y ( ! ,treasury %all   
provide writt5 notice1 s5t by mail to   
ea* individual receiv+ a paym5t "u ?is  
section1 expla9+ t ! paym5t repres5ts a 
"o-"t b5efit increase to ! b5efit paym5t
 describ$ 9 p>agraph 7#a7 to :i* !      
individual is entitl$4  7ii7 ,public    
notice ,! ,secret>y ( ! ,treasury1 9    
consultation ) ! ,commission] ( ,social 

,security & ! ,secret>y ( ,vet]ans      
,affairs1 %all publi% on a public       
website in=mation ab\t ! paym5ts        
au?oriz$ "u ?is subsection1 includ+--   
7,i7 in=mation on eligibility = su*     
paym5ts2  7,,ii7 in=mation on !         
timeframe 9 :i* su* paym5ts w be        
di/ribut$2 &  7,,iii7 o!r relevant      
in=mation4  7,c7 ,deadl9e ,no paym5ts   
%all be disburs$ "u ?is section aft]    
,decemb] #ca1 #bjaf1 reg>dless ( any    
det]m9ations ( entitlem5t to1 or        
eligibility =1 su* paym5ts made aft] su*
 date4  7b7 ,id5tification ( recipi5ts  
,! ,commission] ( ,social ,security1 !  
,railroad ,retirem5t ,bo>d1 & !         
,secret>y ( ,vet]ans ,affairs %all      
c]tify ! individuals entitl$ to receive 
paym5ts "u ?is section & provide !      
,secret>y ( ! ,treasury ) ! in=mation   
ne$$ to disburse su* paym5ts4 ,a        
c]tification ( an individual %all be    
unaffect$ by any subsequ5t det]m9ation  
or r$et]m9ation ( ! individual's        
entitlem5t to1 or eligibility =1 a      

b5efit specifi$ 9 subp>agraph 7,b7 or   
7,c7 ( subsection 7a77#a74  7c7         
,treatm5t ( paym5ts  7#a7 ,paym5t to be 
disreg>d$ = purposes ( all f$]al &      
f$]ally assi/$ programs ,a paym5t "u    
subsection 7a7 %all n be reg>d$ z income
 & %all n be reg>d$ z a res\rce = ! mon?
 ( receipt & ! foll[+ #i mon?s1 =       
purposes ( det]m9+ ! eligibility ( !    
recipi5t 7or ! recipi5t's sp\se or      
family7 = b5efits or assi/ance1 or !    
am\nt or ext5t ( b5efits or assi/ance1  
"u any ,f$]al program or "u any ,/ate or
 local program f9anc$ 9 :ole or 9 "p )  
,f$]al funds4  7#b7 ,paym5t n consid]$  
income = purposes ( taxation ,a paym5t  
"u subsection 7a7 %all n be consid]$ z  
gross income = purposes ( ! ,int]nal    
,rev5ue ,code ( #aihf4  7#c7 ,paym5ts   
protect$ f assignm5t ,! provisions (    
section #bjg ( ! ,social ,security ,act 
7#db ,u4,s4,c4 #djg7 & section #ad7;a7 (
 ! ,railroad ,retirem5t ,act ( #aigd    
7#de ,u4,s4,c4 #bcam7a77 %all apply to  
any paym5t made "u subsection 7a7 z if  

su* paym5t 0 a b5efit paym5t to su*     
individual "u ! applicable program      
describ$ 9 subsection 7a77#a77;,b74     
7#d7 ,treatm5t "u ,social ,security ,act
  7,a7 ,no effect on family maximum ,=  
purposes ( section #bjc7;a7 ( ! ,social 
,security ,act 7#db ,u4,s4,c4 #djc7;a771
 a paym5t "u subsection 7a7 %all be     
disreg>d$ 9 det]m9+ r$uctions 9 b5efits 
"u su* section4  7,b7 ,paym5t n a g5]al 
b5efit increase ,= purposes ( section   
#bae7;i7 ( ! ,social ,security ,act 7#db
 ,u4,s4,c4 #dae7;i771 a paym5t "u       
subsection 7a7 %all n be reg>d$ z a     
g5]al b5efit increase4  7#e7 ,paym5ts   
subject to reclamation ,any paym5t made 
"u ?is section %all1 9 ! case ( a paym5t
 by direct deposit :i* is made aft] !   
date ( ! enactm5t ( ?is ,act1 be subject
 to ! reclamation provisions "u subp>t  
,b ( "p #baj ( title #ca1 ,code ( ,f$]al
 ,regulations 7relat+ to reclamation (  
b5efit paym5ts74  7d7 ,paym5t to        
repres5tative payees & fiduci>ies  7#a7 
,9 g5]al ,9 any case 9 :i* an individual

 :o is entitl$ to a paym5t "u subsection
 7a7 & ^: b5efit paym5t or ca% b5efit   
describ$ 9 p>agraph 7#a7 ( t subsection 
is paid to a repres5tative payee or     
fiduci>y1 ! paym5t "u subsection 7a7    
%all be made to ! individual's          
repres5tative payee or fiduci>y & !     
entire paym5t %all be us$ only = !      
b5efit ( ! individual :o is entitl$ to !
 paym5t4  7#b7 ,applicability  7,a7     
,paym5t on ! basis ( a title ii b5efit  
or ,,ssi b5efit ,section #aabi7;a77#c7 (
 ! ,social ,security ,act 7#db ,u4,s4,c4
 #acbj;a-#h7;a77#c77 %all apply to any  
paym5t made on ! basis ( an entitlem5t  
to a b5efit specifi$ 9 p>agraph         
7#a77;,b77i7 or 7#a77;,c7 ( subsection  
7a7 9 ! same mann] z su* section applies
 to a paym5t "u title ,,ii or ,,xvi (   
su* ,act4  7,b7 ,paym5t on ! basis ( a  
railroad retirem5t b5efit ,section #ac (
 ! ,railroad ,retirem5t ,act 7#de       
,u4,s4,c4 #bcal7 %all apply to any      
paym5t made on ! basis ( an entitlem5t  
to a b5efit specifi$ 9 p>agraph         

7#a77;,b77ii7 ( subsection 7a7 9 ! same 
mann] z su* section applies to a paym5t 
"u su* ,act4  7,c7 ,paym5t on ! basis ( 
a vet]ans b5efit ,sections #eejb1 #fajf1
 & #fajh ( title #ch1 ,unit$ ,/ates     
,code1 %all apply to any paym5t made on 
! basis ( an entitlem5t to a b5efit     
specifi$ 9 p>agraph 7#a77;,b77iii7 (    
subsection 7a7 9 ! same mann] z ^?      
sections apply to a paym5t "u t title4  
7e7 ,paym5t am\nt ,! am\nt describ$ 9   
?is subsection is ! am\nt t is equal to 
#c4i p]c5t ( ! av]age am\nt ( annual    
b5efits receiv$ by an individual entitl$
 to b5efits "u title ,,ii ( ! ,social   
,security ,act 7#db ,u4,s4,c4 #dja et   
seq47 9 cal5d> ye> #bjae1 z det]m9$ by !
 ,commission] ( ,social ,security1 r\nd$
 to ! next l[e/ multiple ( #a4  7f7     
,appropriation ,out ( any sums 9 !      
,treasury ( ! ,unit$ ,/ates n o!rwise   
appropriat$1 ! foll[+ sums are          
appropriat$ = ! p]iod ( fiscal ye>s     
#bjaf ?r\gh #bjag1 to rema9 available   
until exp5d$1 to c>ry out ?is section3  

7#a7 ,= ! ,secret>y ( ! ,treasury1 su*  
sums z may be necess>y = adm9i/rative   
co/s incurr$ 9 c>ry+ out ?is section4   
7#b7 ,= ! ,commission] ( ,social        
,security-- 7,a7 su* sums z may be      
necess>y = paym5ts to individuals       
c]tifi$ by ! ,commission] ( ,social     
,security z entitl$ to receive a paym5t 
"u ?is section2 &  7,b7 su* sums z may  
be necess>y to ! ,social ,security      
,adm9i/ration's ,limitation on          
,adm9i/rative ,exp5ses = co/s incurr$ 9 
c>ry+ out ?is section4  7#c7 ,= !       
,railroad ,retirem5t ,bo>d-- 7,a7 su*   
sums z may be necess>y = paym5ts to     
individuals c]tifi$ by ! ,railroad      
,retirem5t ,bo>d z entitl$ to receive a 
paym5t "u ?is section2 &  7,b7 su* sums 
z may be necess>y to ! ,railroad        
,retirem5t ,bo>d's ,limitation on       
,adm9i/ration = adm9i/rative co/s       
incurr$ 9 c>ry+ out ?is section4  7#d7  
7,a7 ,= ! ,secret>y ( ,vet]ans          
,affairs-- 7i7 su* sums z may be        
necess>y = ! ,comp5sation & ,p5sions    

acc\nt1 = paym5ts to individuals c]tifi$
 by ! ,secret>y ( ,vet]ans ,affairs z   
entitl$ to receive a paym5t "u ?is      
section2 &  7ii7 su* sums z may be      
necess>y = ! ,in=mation ,sy/ems         
,te*nology acc\nt & ! ,g5]al ,op]at+    
,exp5ses acc\nt = adm9i/rative co/s     
incurr$ 9 c>ry+ out ?is section4  7,b7  
,! ,dep>tm5t ( ,vet]ans ,affairs        
,comp5sation & ,p5sions acc\nt %all     
h]e9aft] be available = paym5ts au?oriz$
 "u subsection 7a77#a77;,a7 to          
individuals entitl$ to a b5efit paym5t  
describ$ 9 subsection 7a77#a77;,b77iii74
  #c4 ,special cr$it = c]ta9 gov]nm5t   
retirees  7a7 ,9 g5]al ,9 ! case ( an   
eligible individual1 !re %all be all[$ z
 a cr$it aga9/ ! tax impos$ by subtitle 
,a ( ! ,int]nal ,rev5ue ,code ( #aihf = 
! fir/ taxable ye> beg9n+ 9 #bjae an    
am\nt equal to #eha 7#a1afb 9 ! case ( a
 jo9t return :]e bo? sp\ses are eligible
 individuals74  7b7 ,eligible individual
  7#a7 ,9 g5]al ,= purposes ( ?is       
section1 ! t]m eligible individual means

 any individual-- 7,a7 :o receives dur+ 
! fir/ taxable ye> beg9n+ 9 #bjae any   
am\nt z a p5sion or annuity = s]vice    
p]=m$ 9 ! employ ( ! ,unit$ ,/ates or   
any ,/ate1 or any in/rum5tality !re(1   
:i* is n consid]$ employm5t = purposes (
 sections #caja7;a7 & #caaa7;a7 ( !     
,int]nal ,rev5ue ,code ( #aihf1 &  7,b7 
:o does n receive a paym5t "u section #b
 dur+ su* taxable ye>4  7#b7            
,id5tification numb] requirem5t  7,a7 ,9
 g5]al ,! t]m eligible individual %all n
 include any individual :o does n       
include on ! return ( tax = ! taxable   
ye>--  7i7 su* individual's social      
security acc\nt numb]1 &  7ii7 9 ! case 
( a jo9t return1 ! social security      
acc\nt numb] ( "o ( ! taxpay]s on su*   
return4  7,b7 ,exclusion ( ,,t9 ,=      
purposes ( subp>agraph 7,a71 ! social   
security acc\nt numb] %all n include a  
,,t9 7z def9$ 9 section #ggja7;a77#da7 (
 ! ,int]nal ,rev5ue ,code ( #aihf7 issu$
 by ! ,int]nal ,rev5ue ,s]vice4 ,any    
omission ( a correct social security    

acc\nt numb] requir$ "u ?is p>agraph    
%all be treat$ z a ma!matical or cl]ical
 error = purposes ( apply+ section      
#fbac7;g77#b7 ( su* ,code to su*        
omission4  7c7 ,treatm5t ( cr$it  7#a7  
,refundable cr$it  7,a7 ,9 g5]al ,!     
cr$it all[$ by subsection 7a7 %all be   
treat$ z all[$ by subp>t ,c ( "p ,,iv ( 
sub*apt] ,a ( *apt] #a ( ! ,int]nal     
,rev5ue ,code ( #aihf4  7,b7            
,appropriations ,= purposes ( section   
#acbd7;b77#b7 ( title #ca1 ,unit$ ,/ates
 ,code1 ! cr$it all[$ by subsection 7a7 
%all be treat$ 9 ! same mann] z a refund
 f ! cr$it all[$ "u section #cf;,a ( !  
,int]nal ,rev5ue ,code ( #aihf4  7#b7   
,defici5cy rules ,= purposes ( apply+   
section #fbaa7;b77#d77;,a7 ( ! ,int]nal 
,rev5ue ,code ( #aihf1 ! cr$it all[able 
by subsection 7a7 %all be treat$ 9 !    
same mann] z ! cr$its li/$ 9 subp>agraph
 7,a7 ( section #fbaa7;b77#d74  7d7     
,refunds disreg>d$ 9 ! adm9i/ration (   
f$]al programs & f$]ally assi/$ programs
 ,any cr$it or refund all[$ or made to  

any individual by reason ( ?is section  
%all n be tak5 into acc\nt z income &   
%all n be tak5 into acc\nt z res\rces = 
! mon? ( receipt & ! foll[+ #b mon?s1 = 
purposes ( det]m9+ ! eligibility ( su*  
individual or any o!r individual =      
b5efits or assi/ance1 or ! am\nt or     
ext5t ( b5efits or assi/ance1 "u any    
,f$]al program or "u any ,/ate or local 
program f9anc$ 9 :ole or 9 "p ) ,f$]al  
funds4  #d4 ,modification ( limitation  
on excessive remun]ation  7a7 ,repeal ( 
p]=mance-,bas$ comp5sation & commission 
exceptions = limitation on excessive    
remun]ation  7#a7 ,9 g5]al ,p>agraph    
7#d7 ( section #afb7m7 ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
subp>agraphs 7,b7 & 7,c7 & by r$esignat+
 subp>agraphs 7,d7 ?r\gh 7,g7 z         
subp>agraphs 7,b7 ?r\gh 7,e71           
respectively4  7#b7 ,con=m+ am5dm5ts    
7,a7 ,section #afb7m77#e7 ( su* ,code is
 am5d$-- 7i7 by /rik+ subp>agraphs 7,b71
 7,c71 & 7,d7 !re( 9 subp>agraph 7,e7 & 
ins]t+ subp>agraph 7,b7 !re(1 &  7ii7 by

 /rik+ subp>agraphs 7,f7 & 7,g7 9       
subp>agraph 7,g7 & ins]t+ subp>agraphs  
7,d7 & 7,e74  7,b7 ,section #afb7m77#f7 
( su* ,code is am5d$--  7i7 by /rik+    
subp>agraphs 7,b71 7,c71 & 7,d7 !re( 9  
subp>agraph 7,d7 & ins]t+ subp>agraph   
7,b7 !re(1 &  7ii7 by /rik+ subp>agraphs
 7,f7 & 7,g7 9 subp>agraph 7,g7 & ins]t+
 subp>agraphs 7,d7 & 7,e74  7b7         
,expansion ( applicable employ]         
,p>agraph 7#b7 ( section #afb7m7 ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
to read z foll[s3  7#b7 ,publicly held  
corporation ,= purposes ( ?is           
subsection1 ! t]m publicly held         
corporation means any corporation :i* is
 an issu] 7z def9$ 9 section #c ( !     
,securities ,ex*ange ,act ( #aicd 7#ae  
,u4,s4,c4 #gh;c77--  7,a7 ! securities (
 :i* are regi/]$ "u section #ab ( su*   
,act 7#ae ,u4,s4,c4 #ghl71 or  7,b7 t is
 requir$ to file reports "u section     
#ae7;d7 ( su* ,act 7#ae ,u4,s4,c4       
#gho7d774  4  7c7 ,application to all   
curr5t & =m] (fic]s1 directors1 &       

employees  7#a7 ,9 g5]al ,section       
#afb7m7 ( ! ,int]nal ,rev5ue ,code (    
#aihf1 z am5d$ by subsection 7a71 is    
am5d$-- 7,a7 by /rik+ cov]$ employee ea*
 place x appe>s 9 p>agraphs 7#a7 & 7#d7 
& ins]t+ cov]$ individual1 &  7,b7 by   
/rik+ su* employee ea* place x appe>s 9 
subp>agraphs 7,a7 & 7,e7 ( p>agraph 7#d7
 & ins]t+ su* individual4  7#b7 ,cov]$  
individual ,p>agraph 7#c7 ( section     
#afb7m7 ( su* ,code is am5d$ to read z  
foll[s3  7#c7 ,cov]$ individual ,=      
purposes ( ?is subsection1 ! t]m cov]$  
individual means any individual :o is an
 (fic]1 director1 or employee ( !       
taxpay] or a =m] (fic]1 director1 or    
employee ( ! taxpay]4  4  7#c7 ,con=m+  
am5dm5ts  7,a7 ,section                 
#dh;,d7b77#c77;,a7 ( su* ,code is am5d$ 
by ins]t+ 7z 9 effect = taxable ye>s    
beg9n+ be=e ,janu>y #a1 #bjae7 aft]     
section #afb7m77#c74  7,b7 ,section     
#dji;,a7b77#c77;,d77ii7 ( su* ,code is  
am5d$ by ins]t+ 7z 9 effect = taxable   
ye>s beg9n+ be=e ,janu>y #a1 #bjae7 aft]

 section #afb7m77#c74  7d7 ,special rule
 = remun]ation paid to b5efici>ies1 etc 
,p>agraph 7#d7 ( section #afb7m71 z     
am5d$ by subsection 7a71 is am5d$ by    
add+ at ! end ! foll[+ new subp>agraph3 
7,f7 ,special rule = remun]ation paid to
 b5efici>ies1 etc ,remun]ation %all n   
fail to be applicable employee          
remun]ation m]ely because x is          
includible 9 ! income (1 or paid to1 a  
p]son o!r ?an ! cov]$ individual1       
includ+ aft] ! dea? ( ! cov]$           
individual4  4  7e7 ,regulatory au?ority
  7#a7 ,9 g5]al ,section #afb7m7 ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#g7 ,regulations ,! ,secret>y may      
prescribe su* guidance1 rules1 or       
regulations1 includ+ ) respect to       
report+1 z are necess>y to c>ry out !   
purposes ( ?is subsection4  4  7#b7     
,con=m+ am5dm5t ,p>agraph 7#f7 ( section
 #afb7m7 ( su* ,code is am5d$ by /rik+  
subp>agraph 7,h74  7f7 ,transf] to      
,social ,security ,tru/ ,funds ,=       

purposes ( ! am\nt ( any increase 9     
rev5ue to ! ,treasury by reason ( !     
am5dm5ts made by ?is section1 any su*   
am\nt t is 9 excess ( ! total am\nt     
appropriat$ "u section #b7;f7 ( ?is ,act
 %all be1 at su* times & 9 su* mann] z  
det]m9$ appropriate by ! ,secret>y ( !  
,treasury 7or ! ,secret>y's delegate71  
deposit$ 9 ! ,tru/ ,funds 7z def9$ 9    
subsection 7c7 ( section #bja ( !       
,social ,security ,act 7#db ,u4,s4,c4   
#dja771 )--  7#a7 #ej p]c5t ( su* am\nt 
to be deposit$ 9 ! ,f$]al ,old-,age &   
,survivors ,insurance ,tru/ ,fund 7z    
def9$ 9 subsection 7a7 ( su* section72 &
  7#b7 #ej p]c5t ( su* am\nt to be      
deposit$ 9 ! ,f$]al ,disability         
,insurance ,tru/ ,fund 7z def9$ 9       
subsection 7b7 ( su* section74  7g7     
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjae4