,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #adhc  ,,in ,,the ,,house ,,of  
,,representatives  ,march #d1 #bjai,miss
 ,gonzlez-,coln of ,puerto ,rico 7for   
herself1 ,mrs4 ,kirkpatrick1 ,mr4 ,king 
of ,new ,york1 ,mr4 ,fitzpatrick1 and   
,mr4 ,soto7 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 exempt from the      
foreign insurer excise tax certain      
insurance policies issued by ,united    
,states territory and possession        
insurers4  #a4 ,short title ,this ,act  
may be cited as the ,puerto ,rico       
,insurance ,excise ,tax ,exemption ,act 
of #bjai4  #b4 ,certain insurance       
policies issued by ,united ,states      
territory and possession insurers exempt
 from foreign insurer excise tax  7a7   
,in general ,section #dcgc of the       
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new paragraph3  7#c7          

,territories and possessions ,any policy
 of insurance1 indemnity bond1 annuity  
contract1 or policy of reinsurance      
issued by a partnership or corporation  
created or organized under the laws of  
any territory or possession of the      
,united ,states1 unless any of the      
hazards1 risks1 losses1 or liabilities  
covered thereby are covered by a policy 
of reinsurance issued by a foreign      
insurer or reinsurer 7other than such a 
partnership or corporation74  4  7b7    
,effective date ,the amendments made by 
this section shall apply to premiums    
paid after the date of the enactment of 
this ,act4