[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7588]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1686. Mr. FLAKE submitted an amendment intended to be proposed to 
amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for himself 
and Ms. Murkowski)) to the bill H.R. 1, to provide for reconciliation 
pursuant to titles II and V of the concurrent resolution on the budget 
for fiscal year 2018; which was ordered to lie on the table; as 
follows:

       On page 485, between lines 4 and 5, insert the following:
       ``(5) Exception for amounts included in subpart f income.--
     Paragraph (1) shall not apply to any amount paid or accrued 
     by the taxpayer to the extent such payment is included in the 
     gross income of a United States shareholder under section 
     951(a).''
                                 ______