,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #ajeda  ,,9 ,,! ,,h\se ,,(         
,,repres5tatives  ,decemb] #ai1         
#bjbd,mr4 ,swalwell introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to limit 
! def]ral ( ga9 = (fic]s ( ! executive  
bran* ( ! ,f$]al ,gov]nm5t 9 ! case ( ! 
sale ( prop]ty to comply )              
conflict-(-int]e/ requirem5ts4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,tru/ & ,mod]nization 9 ,tax ,gov]nance 
,act or ! ,,tmtg ,act4  #b4 ,limitation 
= def]ral ( ga9 on sale ( prop]ty to    
comply ) conflict-(-int]e/ requirem5ts  
7a7 ,9 g5]al ,section #ajdc7;b7 ( !     
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new p>agraph3 
7#g7 ,limitation = executive bran*      
(fic]s  7,a7 ,9 g5]al ,9 ! case ( an    
individual :o is an (fic] ( ! executive 
bran* ( ! ,f$]al ,gov]nm5t 7includ+ !   
,presid5t & ! ,vice ,presid5t71 !       
aggregate am\nt ( ga9 ) respect to :i*  

su* individual may elect ! application (
 subsection 7a7 = all taxable ye>s %all 
n exce$ #ajj1jjj1jjj4  7,b7 ,recognition
 ( ga9 aft] s]vice ,if1 = any taxable   
ye> su* individual ceases to be an      
eligible p]son1 any ga9-- 7i7 :i* is n  
recogniz$ by reason ( subsection 7a71   
7ii7 :i* is tak5 into acc\nt "u         
subp>agraph 7,a71 &  7iii7 :i* has n be5
 appli$ to ! basis ( p]mitt$ prop]ty "u 
subsection 7c7 9 det]m9+ ! ga9 or loss  
on ! sale ( su* prop]ty1  %all be       
recogniz$ 9 su* taxable ye>4  4  7b7    
,con=m+ am5dm5ts  7#a7 ,! head+ =       
section #ajdc7;b7 ( su* ,code is am5d$  
by /rike ,def9itions & ins]t+           
,def9itions & special rules4  7#b7      
,section #ajdc7;c7 ( su* ,code is am5d$ 
by add+ at ! end ! foll[+3 ,= purposes (
 ! prec$+ s5t5ce1 appropriate adju/m5t  
to any su* r$uction %all be made to     
acc\nt = any su* ga9 recogniz$ "u       
subsection 7b77#g77;,b744  7c7          
,effective date ,! am5dm5ts made by ?is 
section %all apply to sales aft] ! date 

( ! enactm5t ( ?is ,act4