,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #deih  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,octob] #a1 #bjai,mr4 
,suozzi 7= himself & ,mr4 ,hold+7       
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to provide an exemption f 
,,firpta = int]e/s held by c]ta9 =eign  
insurance companies4  #a4 ,,firpta      
exemption = int]e/s held by c]ta9 =eign 
insurance companies  7a7 ,9 g5]al       
,section #hig7l77#a7 ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$-- 7#a7 by
 /rik+ a qualifi$ =eign p5sion fund %all
 n & ins]t+ a qualifi$ =eign entity %all
 n2 &  7#b7 by /rik+ held by a qualifi$ 
=eign p5sion fund %all be treat$ z su* a
 fund & ins]t+ held 7directly or        
indirectly7 by "o or m qualifi$ =eign   
entities %all be treat$ z su* an entity4
  7b7 ,qualifi$ =eign entity ,section   
#hig7l7 ( su* ,code is am5d$ by         
r$esignat+ p>agraphs 7#b7 & 7#c7 z      
p>agraphs 7#c7 & 7#d71 respectively1 &  

by ins]t+ aft] p>agraph 7#a7 ! foll[+   
new p>agraph3  7#b7 ,qualifi$ =eign     
entity ,= purposes ( ?is subsection1 !  
t]m qualifi$ =eign entity means-- 7,a7  
any qualify+ insurance corporation 7z   
def9$ 9 section #abig7;f77#a771 &  7,b7 
any qualifi$ =eign p5sion fund4  4  7c7 
,cl]ical am5dm5t ,! head+ ( section     
#hig7l7 is am5d$ by /rik+ ,qualifi$     
,=eign ,p5sion ,funds & ins]t+ ,c]ta9   
,=eign ,entities4  7d7 ,effective date  
,! am5dm5ts made by ?is section %all    
apply to dispositions & di/ributions    
aft] ! date ( ! enactm5t ( ?is ,act4