,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #bahf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,m>* #ah1 #bjbe,mr4   
,e/es 7= himself & ,ms4 ,moore (        
,wiscons97 introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,ways &     
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to re/ore !       
limitation on d[nw>d attribution ( /ock 
own]%ip 9 apply+ con/ructive own]%ip    
rules4  #a4 ,re/oration ( limitation on 
d[nw>d attribution ( /ock own]%ip 9     
apply+ con/ructive own]%ip rules  7a7 ,9
 g5]al ,section #ieh7;b7 ( ! ,int]nal   
,rev5ue ,code ( #aihf is am5d$-- 7#a7 by
 ins]t+ aft] p>agraph 7#c7 ! foll[+3    
7#d7 ,subp>agraphs 7,a71 7,b71 & 7,c7 ( 
section #cah7;a77#c7 %all n be appli$ s 
z to consid] a ,unit$ ,/ates p]son z    
own+ /ock :i* is own$ by a p]son :o is n
 a ,unit$ ,/ates p]son4  1 &  7#b7 by   
/rik+ ,p>agraph 7#a7 9 ! la/ s5t5ce &   
ins]t+ ,p>agraphs 7#a7 & 7#d74  7b7     
,=eign controll$ ,unit$ ,/ates %>ehold]s
 ,subp>t ,f ( "p ,,iii ( sub*apt] ,n (  

*apt] #a ( su* ,code is am5d$ by ins]t+ 
aft] section #iea;,a ! foll[+ new       
section3  #iea;,b4 ,am\nts includ$ 9    
gross income ( =eign controll$ ,unit$   
,/ates %>ehold]s  7a7 ,9 g5]al ,9 ! case
 ( any =eign controll$ ,unit$ ,/ates    
%>ehold] ( a =eign controll$ =eign      
corporation--  7#a7 ?is subp>t 7o!r ?an 
sections #iea;,a1 #iea7;b71 & #ieg7 %all
 be appli$ ) respect to su* %>ehold]    
7sep>ately f1 & 9 addition to1 !        
application ( ?is subp>t )\t reg>d to   
?is section7-- 7,a7 by sub/itut+ =eign  
controll$ ,unit$ ,/ates %>ehold] =      
,unit$ ,/ates %>ehold] ea* place x      
appe>s !re91 &  7,b7 by sub/itut+ =eign 
controll$ =eign corporation = controll$ 
=eign corporation ea* place x appe>s    
!re91 &  7#b7 section #iea;,a %all be   
appli$ ) respect to su* %>ehold]--  7,a7
 by treat+ ea* ref]5ce to ,unit$ ,/ates 
%>ehold] 9 su* section z includ+ a      
ref]5ce to su* %>ehold]1 &  7,b7 by     
treat+ ea* ref]5ce to controll$ =eign   
corporation 9 su* section z includ+ a   

ref]5ce to su* =eign controll$ =eign    
corporation4  7b7 ,=eign controll$      
,unit$ ,/ates %>ehold] ,= purposes ( ?is
 section1 ! t]m =eign controll$ ,unit$  
,/ates %>ehold] means1 ) respect to any 
=eign corporation1 any ,unit$ ,/ates    
p]son :i* w\ld be a ,unit$ ,/ates       
%>ehold] ) respect to su* =eign         
corporation if-- 7#a7 section #iea7;b7 7
 appli$ by sub/itut+ m ?an #ej p]c5t =  
#aj p]c5t or m1 &  7#b7 section #ieh7;b7
 7 appli$ )\t reg>d to p>agraph 7#d7    
!re(4  7c7 ,=eign controll$ =eign       
corporation ,= purposes ( ?is section1 !
 t]m =eign controll$ =eign corporation  
means a =eign corporation1 o!r ?an a    
controll$ =eign corporation1 :i* w\ld be
 a controll$ =eign corporation if       
section #ieg7;a7 7 appli$--  7#a7 by    
sub/itut+ =eign controll$ ,unit$ ,/ates 
%>ehold]s = ,unit$ ,/ates %>ehold]s1 &  
7#b7 by sub/itut+ section #ieh7;b7 7o!r 
?an p>agraph 7#d7 !re(7 = section       
#ieh7;b74  7d7 ,regulations ,! ,secret>y
 %all prescribe su* regulations or o!r  

guidance z may be necess>y or           
appropriate to c>ry out ! purposes ( ?is
 section1 includ+ regulations or o!r    
guidance-- 7#a7 to treat a =eign        
controll$ ,unit$ ,/ates %>ehold] or a   
=eign controll$ =eign corporation z a   
,unit$ ,/ates %>ehold] or z a controll$ 
=eign corporation1 respectively1 =      
purposes ( provisions ( ?is title o!r   
?an ?is subp>t1 &  7#b7 to prev5t !     
avoidance ( ! purposes ( ?is section4  4
  7c7 ,cl]ical am5dm5t ,! table (       
sections = subp>t ,f ( "p ,,iii (       
sub*apt] ,n ( *apt] #a is am5d$ by      
ins]t+ aft] ! item relat+ to section    
#iea;,a ! foll[+ new item3  ,sec4       
#iea;,b4 ,am\nts includ$ 9 gross income 
( =eign controll$ ,unit$ ,/ates         
%>ehold]s4  4  7d7 ,effective date ,!   
am5dm5ts made by ?is section %all apply 
to-- 7#a7 ! la/ taxable ye> ( =eign     
corporations beg9n+ be=e ,janu>y #a1    
#bjbe1 & ea* subsequ5t taxable ye> ( su*
 =eign corporations1 &  7#b7 taxable    
ye>s ( ,unit$ ,/ates p]sons 9 :i* or )  

:i* su* taxable ye>s ( =eign            
corporations end4  7e7 ,no inf]5ce ,!   
am5dm5ts made by ?is section %all n be  
con/ru$ to create any inf]5ce ) respect 
to ! prop] application ( any provision (
 ! ,int]nal ,rev5ue ,code ( #aihf )     
respect to taxable ye>s beg9n+ be=e !   
taxable ye>s to :i* su* am5dm5ts apply4