,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #idca  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,augu/ #cj1 #bjbd,mr4 
,bacon 7= himself & ,mr4 ,got!im]7      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to exclude f gross income 
! dis*>ge ( indebt$ness ( c]ta9         
individuals :o are unlawfully or        
wrongfully deta9$ abroad4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,ho/age 
,private ,debt ,tax ,fre$om ,act4  #b4  
,exclusion f gross income ( dis*>ge (   
indebt$ness ( c]ta9 individuals         
unlawfully or wrongfully deta9$ abroad  
7a7 ,9 g5]al ,section #ajh7;a77#a7 ( !  
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ or at ! end ( subp>agraph 7,d71
 by /rik+ ! p]iod at ! end ( subp>agraph
 7,e7 & ins]t+ 1 or1 & by add+ at ! end 
! foll[+ new subp>agraph3  7,f7 9 ! case
 ( a wrongfully deta9$ abroad individual
 or su* individual's sp\se1 !           
indebt$ness dis*>g$ is specifi$         

wrongfully deta9$ indebt$ness4  4  7b7  
,rules relat$ to wrongfully deta9$      
abroad individuals ,section #ajh ( su*  
,code is am5d$ by add+ at ! end ! foll[+
 new subsection3  7j7 ,provisions relat$
 to wrongfully deta9$ abroad individuals
 ,= purposes ( ?is section-- 7#a7 ,9    
g5]al ,! t]m wrongfully deta9$ abroad   
individual means any ,unit$ ,/ates      
national 7z def9$ 9 section #cjg ( !    
,rob]t ,lev9son ,ho/age ,recov]y &      
,ho/age-,tak+ ,acc\ntability ,act7 if ! 
,secret>y ( ,/ate has det]m9$ = purposes
 ( section #cjb7;b7 ( su* ,act t !re is 
cr$ible in=mation t su* ,unit$ ,/ates   
national is wrongfully or unlawfully    
deta9$ abroad4  7#b7 ,specifi$          
wrongfully deta9$ indebt$ness  7,a7 ,9  
g5]al ,! t]m specifi$ wrongfully deta9$ 
indebt$ness means1 ) respect to any     
wrongfully deta9$ abroad individual1 any
 indebt$ness-- 7i7 :i* is dis*>g$ dur+ !
 p]iod beg9n+ on ! date on :i* su*      
individual is fir/ wrongfully or        
unlawfully deta9$ & end+ on ! date t is 

#b ye>s aft] ! conclusion ( su*         
det5tion1 &  7ii7 ) respect to :i* !    
taxpay] elects 7at su* "t & 9 su* mann] 
z ! ,secret>y may provide7 ! application
 ( ?is subp>agraph4  7,b7 ,doll>        
limitation ,! aggregate am\nt (         
indebt$ness :i* may be treat$ z specifi$
 wrongfully deta9$ indebt$ness ) respect
 to any wrongfully deta9$ abroad        
individual 7includ+ any am\nt treat$ z  
su* indebt$ness ) respect to su*        
individual's sp\se7 = any taxable ye>   
%all n exce$ ! excess 7if any7 ( #e1jjj 
ov] ! aggregate am\nt s treat$ = all    
prior taxable ye>s4  4  7c7 ,coord9ation
 ( exclusions  7#a7 ,coord9ation )      
,title #aa exclusion ,section           
#ajh7;a77#b77;,a7 ( su* ,code is am5d$  
by /rik+ & 7,e7 & ins]t+ 7,e71 & 7,f74  
7#b7 ,coord9ation ) insolv5cy exclusion 
,section #ajh7;a77#b7 ( su* ,code is    
am5d$ by add+ at ! end ! foll[+ new     
subp>agraph3  7,d7 ,wrongfully deta9$   
abroad exclusion takes prec$5ce ov]     
insolv5cy & qualifi$ f>m indebt$ness    

exclusion unless elect$ o!rwise         
,subp>agraphs 7,b7 & 7,c7 ( p>agraph    
7#a7 %all n apply to a dis*>ge to :i*   
p>agraph 7#a77;,f7 applies unless !     
taxpay] elects to apply subp>agraph 7,b7
 or 7,c7 ( p>agraph 7#a7 9 lieu (       
p>agraph 7#a77;,f74  4  7d7 ,effective  
date ,! am5dm5ts made by ?is section    
%all apply to dis*>ges ( indebt$ness    
aft] ,decemb] #ca1 #bjbc4