,,ii  #aah? ,,congress  #b;d ,session   
,s4 #ebcc  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,septemb] #be1         
#bjbd,mr4 ,ricketts introduc$ ! foll[+  
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 treat c]ta9 ga9s & divid5ds d]iv$ f    
c\nties ( conc]n z ord9>y income4  #a4  
,%ort title ,?is ,act may be cit$ z !   
,no ,capital ,ga9s ,all[ance = ,am]ican 
,adv]s>ies ,act4  #b4 ,c]ta9 ga9s &     
divid5ds d]iv$ f c\ntries ( conc]n      
treat$ z ord9>y income  7a7 ,9 g5]al ,"p
 ,,iv ( sub*apt] ,p ( *apt] #a ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new section3  
#abfa4 ,ga9s d]iv$ f c\ntries ( conc]n  
treat$ z ord9>y income  7a7 ,9 g5]al    
,ga9 f ! sale1 ex*ange1 or o!r          
disposition ( specifi$ c\ntry ( conc]n  
prop]ty %all be treat$ z ord9>y income4 
,su* ga9 %all be recogniz$ not)/&+ any  
o!r provision ( ?is title4  7b7         
,specifi$ c\ntry ( conc]n prop]ty ,=    

purposes ( ?is section3 7#a7 ,9 g5]al ,!
 t]m specifi$ c\ntry ( conc]n prop]ty   
means-- 7,a7 any regi/]$ or unregi/]$   
security ( a company or o!r entity1 z   
det]m9$ by crit]ia e/abli%$ by !        
,securities & ,ex*ange ,commission & !  
,secret>y ( ! ,treasury-- 7i7 :i* is    
incorporat$ or o!rwise organiz$ 9 a     
c\ntry ( conc]n1  7ii7 :i* has a        
majority ( su* company or o!r entity's  
assets or employees locat$ 9 a c\ntry ( 
conc]n1  7iii7 :i* is own$ by1 controll$
 by1 or subject to ! jurisdiction or    
direction ( a gov]nm5t ( a c\ntry (     
conc]n1  7iv7 :]e a majority ( su*      
company or o!r entity's value dep5ds on 
! rev5ues1 pr(its1 m>ket capitalization1
 assets1 or ! value ( a security        
7includ+ options to pur*ase or sell7 (  
companies or o!r entities describ$ "u   
clause 7i71 7ii71 or 7iii71 or  7v7 :]e 
su* company or o!r entity is controll$  
by any company or o!r entity describ$ "u
 clause 7i71 7ii71 or 7iii71 &  7,b7 any
 prop]ty 7o!r ?an securities7 :i* is    

locat$ or us$ 9 a c\ntry ( conc]n4  7#b7
 ,additional def9itions ,= purposes (   
p>agraph 7#a73 7,a7 ,controll$ by ,! t]m
 controll$ by has ! mean+ giv5 t t]m "u 
section #bcj4dje ( title #ag1 ,code (   
,f$]al ,regulations4  7,b7 ,c\ntry (    
conc]n ,! t]m c\ntry ( conc]n means !   
,p's ,republic ( ,*9a 7includ+ ,hong    
,kong & ,macao & exclud+ ,taiwan71      
,russia1 ,bel>us1 ,iran1 & ,nor? ,korea4
  4  7b7 ,divid5ds ,section             
#a7;h77#aa77;,c77iii7 ( su* ,code is    
am5d$ by /rik+ & at ! end ( subclause   
7,i71 by /rik+ ! p]iod at ! end (       
subclause 7,,ii7 & ins]t+ 1 &1 & by add+
 at ! end ! foll[+ new subclause3       
7,,iii7 any =eign corporation describ$ 9
 section #abfa7;b77#a77;,a7 z ( ! date  
on :i* ! divid5d is paid4  4  7c7 ,d5ial
 ( /ep-,up 9 basis at dea? ,section     
#ajad7;a7 ( su* ,code is am5d$ by /rik+ 
or at ! end ( p>agraph 7#c71 by /rik+ ! 
p]iod at ! end ( p>agraph 7#d7 & ins]t+ 
1 or1 & by add+ at ! end ! foll[+ new   
p>agraph3  7#e7 9 ! case ( specifi$     

c\ntry ( conc]n prop]ty 7z def9$ 9      
section #abfa7;b771 ! basis 9 ! h&s ( ! 
dec$5t4  4  7d7 ,notice to pur*as]s ,n  
lat] ?an #ahj days aft] ! date ( !      
enactm5t ( ?is ,act1 ! ,securities &    
,ex*ange ,commission %all issue rules   
requir+ any p]son sell+1 ex*ang+1 or    
o!rwise dispos+ ( a security t is       
specifi$ c\ntry ( conc]n prop]ty 7z     
def9$ "u section #abfa7;b7 ( ! ,int]nal 
,rev5ue ,code ( #aihf7 to notify ! o!r  
p>ty to su* sale1 ex*ange1 or           
disposition t any ga9s relat$ to su*    
security are treat$ z ord9>y income "u !
 ,int]nal ,rev5ue ,code ( #aihf & n     
treat$ z capital ga9s4  7e7 ,publicly   
available li/ ( securities  7#a7 ,9     
g5]al ,! ,securities & ,ex*ange         
,commission %all publi% on ! website ( !
 ,commission a li/ ( all securities     
describ$ "u section #abfa7;b77#a77;,a7 (
 ! ,int]nal ,rev5ue ,code ( #aihf4  7#b7
 ,report+ requirem5ts ,! ,securities &  
,ex*ange ,commission may require su*    
reports z ! ,commission det]m9es        

necess>y to det]m9e :i* securities are  
describ$ "u section #abfa7;b77#a77;,a7 (
 ! ,int]nal ,rev5ue ,code ( #aihf4  7f7 
,rulemak+ ,n lat] ?an #ahj days aft] !  
date ( ! enactm5t ( ?is ,act1 !         
,secret>y ( ! ,treasury & ! ,securities 
& ,ex*ange ,commission %all issue su*   
rules z may be necess>y to implem5t ?is 
,act & ! am5dm5ts made by ?is ,act1     
includ+ e/abli%+ ! crit]ia describ$ "u  
section #abfa7;b77#a77;,a7 ( ! ,int]nal 
,rev5ue ,code ( #aihf4  7g7 ,effective  
date ,! am5dm5ts made by ?is section    
%all apply to dispositions ( prop]ty1 & 
divid5ds paid1 on or aft] ,janu>y #a1   
#bjbe4