,,ii  #aah? ,,congress  #a/ ,session    
,s4 #dac  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #ad1 #bjbc,mr4
 ,br[n 7= himself1 ,mr4 ,wyd51 ,mr4     
,s*atz1 ,mr4 ,van ,holl51 ,mr4 ,re$1    
,mr4 ,lujn1 & ,ms4 ,baldw97 introduc$ ! 
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,f9ance  ,a ,,bill   
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to increase ! rate ( ! excise tax 
on ! repur*ase ( corporate /ock1 & = o!r
 purposes4  #a4 ,%ort title ,?is ,act   
may be cit$ z ! ,/ock ,buyback          
,acc\ntability ,act ( #bjbc4  #b4       
,modifications to tax on repur*ase (    
corporate /ock  7a7 ,increase 9 rate (  
tax ,section #deja7;a7 ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$ by /rik+ 
#a p]c5t & ins]t+ #d p]c5t4  7b7        
,modification ( adju/m5ts ,section      
#deja7;c77#c7 ( ! ,int]nal ,rev5ue ,code
 ( #aihf is am5d$-- 7#a7 by /rik+ ,!    
am\nt & ins]t+ ! foll[+3  7,a7 ,9 g5]al 
,! am\nt  1 &  7#b7 by add+ at ! end !  
foll[+ new subp>agraph3  7,b7 ,exception

 = /ock issu$ to cov]$ employees        
,subp>agraph 7,a7 %all n apply to s mu* 
( ! fair m>ket value ( any /ock issu$ or
 provid$ to an employee :o is a cov]$   
employee 7)9 ! mean+ ( section          
#afb7m77#c774  4  7c7 ,effective date   
7#a7 ,rate ,! am5dm5t made by subsection
 7a7 section %all apply to repur*ases   
7)9 ! mean+ ( section #deja7;c7 ( !     
,int]nal ,rev5ue ,code ( #aihf7 ( /ock  
aft] ! date ( ! enactm5t ( ?is ,act4    
7#b7 ,adju/m5ts ,! am5dm5ts made by     
subsection 7b7 %all apply to /ock issu$ 
or provid$ aft] ! date ( ! enactm5t (   
?is ,act1 9 taxable ye>s end+ aft] su*  
date4