II 110th CONGRESS 1st Session S. 1273 IN THE SENATE OF THE UNITED STATES May 2, 2007 Mr. Kyl introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to allow permanent look-through treatment of payments between related foreign corporations.

1.

Permanent look-through treatment of payments between related controlled foreign corporations under the foreign personal holding company rules

Section 954(c)(6)(B) of the Internal Revenue Code of 1986 is amended by striking and before January 1, 2009,.