,,ii  #aai? ,,congress  #a/ ,session    
,s4 #cfi  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #c1 #bjbe,mr4 
,scott ( ,florida introduc$ ! foll[+    
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 d5y c]ta9 gre5 en]gy tax b5efits to    
companies associat$ ) =eign adv]s>ies4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,no ,(ficial ,giveaways ,( ,taxpay]s' 
,income to ,oppressive ,nations ,act or 
! ,,no ,,gotion ,act4  #b4 ,d5ial ( gre5
 en]gy tax b5efits to companies         
associat$ ) =eign adv]s>ies  7a7 ,9     
g5]al ,*apt] #gg ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new section3  #geca4 ,d5ial (  
gre5 en]gy tax b5efits to companies     
associat$ ) =eign adv]s>ies  7a7 ,9     
g5]al ,9 ! case ( any disqualifi$       
company1 ?is title %all be appli$ )\t   
reg>d to sections #cj;,c1 #dj1 #dj;,a1  
#dj;,b1 #de1 #de,q1 #de,u1 #de,v1 #de,w1
 #de,x1 #de,y1 #de,z1 #dh1 #dh;,c1      

#dh;,e1 #agi;,d1 #fdbf7;c71 #fdbf7;d71  
#fdbf7;e71 & #fdbg7;e74  7b7            
,disqualifi$ company  7#a7 ,9 g5]al     
7,a7 ,def9ition ,= purposes ( ?is       
section1 ! t]m disqualifi$ company means
 any entity describ$ 9 subp>agraphs 7,b7
 ?r\gh 7,d74  7,b7 ,=eign adv]s>y p>ties
 ,! entities describ$ 9 ?is subp>agraph 
consi/ ( ! foll[+3 7i7 ,! gov]nm5t ( a  
=eign adv]s>y1 any ag5cy or gov]nm5t    
in/rum5tality ( a =eign adv]s>y1 or any 
entity :i* is directly or indirectly    
own$1 controll$1 or direct$ by any su*  
gov]nm5t1 ag5cy1 or gov]nm5t            
in/rum5tality4  7ii7 ,any entity        
organiz$ "u ! laws ( a =eign adv]s>y 7or
 any political subdivision !re(7 or ^:  
headqu>t]s is locat$ )9 a =eign adv]s>y4
  7,c7 ,own$1 controll$1 direct$1 or    
influ5c$ by =eign adv]s>y p>ties ,!     
entities describ$ 9 ?is subp>agraph     
consi/ ( ! foll[+3 7i7 ,any entity =    
:i*1 on any date dur+ ! taxable ye>1 n  
less ?an #aj p]c5t ( ! out/&+ equity    
int]e/s 7by value1 vot+1 gov]nance1 bo>d

 appo9tm5t1 or simil> rights or         
influ5ce7 are held directly or          
indirectly by1 or on behalf (1 #a or m (
 ! entities describ$ 9 subp>agraph 7,b71
 includ+ ?r\gh int]e/s 9 co-inve/m5t    
vehicles1 jo9t v5tures1 or simil>       
arrangem5ts4  7ii7 ,any entity :i* is   
directly or indirectly controll$1       
direct$1 or mat]ially influ5c$ by any   
entity describ$ 9 subp>agraph 7,b74     
7iii7 ,any entity = :i* ! actions1      
managem5t1 own]%ip1 or op]ations ( su*  
entity are subject to ! direct influ5ce 
( an entity describ$ 9 subp>agraph 7,b74
  7iv7 ,any entity = :i* an int]e/ 9 su*
 entity is held by an entity describ$ 9 
subp>agraph 7,b7 7ref]r$ to 9 ?is clause
 z ! b5efici>y firm7 z a d]ivative      
f9ancial in/rum5t or ?r\gh a contractual
 arrangem5t betwe5 ! b5efici>y firm &   
su* entity1 includ+ any f9ancial        
in/rum5t or o!r contract betwe5 !       
b5efici>y firm & ! entity :i* seeks to  
replicate any f9ancial return ) respect 
to su* entity or int]e/ 9 su* entity4   

7,d7 ,debt or o!r arrangem5ts ) =eign   
adv]s>y p>ties  7i7 ,9 g5]al ,an entity 
is describ$ 9 ?is subp>agraph if1 z a   
result ( any prohibit$ obligation or    
arrangem5t-- 7,i7 ! actions1 managem5t1 
or op]ations ( su* entity are subject to
 ! direct or indirect influ5ce ( #a or m
 entities describ$ 9 subp>agraph 7,b7 or
 7,c71 or  7,,ii7 su* entity provides a 
sub/antial b5efit to #a or m entities   
describ$ 9 subp>agraph 7,b7 or 7,c74    
7ii7 ,prohibit$ obligation or arrangem5t
 ,= purposes ( ?is subp>agraph1 ! t]m   
prohibit$ obligation or arrangem5t means
 any-- 7,i7 debt1  7,,ii7 lease or      
sublease arrangem5t1  7,,iii7 managem5t 
or op]at+ arrangem5t1  7,,iv7 contract  
manufactur+ arrangem5t1  7,v7 lic5se or 
sublic5se agreem5t1 or  7,,vi7 f9ancial 
d]ivative4  7iii7 ,exception  7,i7 ,9   
g5]al ,= purposes ( clause 7i77,,ii71 ! 
pur*ase ( equipm5t or manufactur+ inputs
 9 an arm's l5g? transaction %all n1 9 &
 ( itself1 be deem$ to provide a        
sub/antial b5efit4  7,,ii7 ,arm's l5g?  

,= purposes ( ?is clause1 ! t]m arm's   
l5g? has ! mean+ giv5 9 section #a4dhb-a
 ( title #bf1 ,code ( ,f$]al            
,regulations4  7,e7 ,o!r def9itions ,=  
purposes ( ?is p>agraph-- 7i7 ,control  
,! t]m control has ! mean+ giv5 9       
section #hjj4bjh ( title #ca1 ,code (   
,f$]al ,regulations 7z 9 effect on !    
date ( enactm5t ( ! ,no ,(ficial        
,giveaways ,( ,taxpay]s' ,income to     
,oppressive ,nations ,act74  7ii7 ,=eign
 adv]s>y ,! t]m =eign adv]s>y has !     
mean+ giv5 ! t]m cov]$ nation 9 section 
#dhgb7;d77#b7 ( title #aj1 ,unit$ ,/ates
 ,code1 except t su* t]m %all also      
include-- 7,i7 ! ,republic ( ,cuba1 &   
7,,ii7 ! ,boliv]ian ,republic (         
,v5ezuela dur+ any p]iod ( "t dur+ :i*  
,ni*olas ,maduro is ,presid5t ( !       
,republic4  7#b7 ,adm9i/ration ,!       
,secret>y may issue su* guidance z is   
necess>y to c>ry out ! purposes ( ?is   
section1 includ+ e/abli%m5t ( rules =-- 
7,a7 implem5tation ( p>agraph           
7#a77;,c77i7 = det]m9ation ( :e!r !     

p]c5tage requirem5ts ) respect to out/&+
 equity int]e/s h be5 satisfi$ 9 ! case 
( an entity = :i* ! /ock ( su* entity is
 trad$ on an e/abli%$ securities m>ket 9
 ! ,unit$ ,/ates or any =eign c\ntry1 & 
7,b7 prev5t+ entities f evad+1          
circumv5t+1 or abus+ ! application ( !  
requirem5ts "u ?is section4  4  7b7     
,cl]ical am5dm5t ,! table ( sections =  
*apt] #gg ( su* ,code is am5d$ by add+  
at ! end ! foll[+ new item3  ,sec4      
#geca4 ,d5ial ( gre5 en]gy tax b5efits  
to companies associat$ ) =eign          
adv]s>ies4  4  7c7 ,effective date ,!   
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ! date ( !  
enactm5t ( ?is ,act4