[Congressional Record Volume 163, Number 195 (Thursday, November 30, 2017)]
[Senate]
[Page S7594]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1712. Mr. CORNYN 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:

       At the appropriate place in subtitle D of title I, insert 
     the following:

     SEC. __. CLARIFICATION OF DEFINITION OF QUALIFYING INCOME FOR 
                   A PUBLICLY TRADED PARTNERSHIP.

       (a) In General.--Section 7704(d)(1) is amended--
       (1) in subparagraph (F), by striking ``and'' at the end;
       (2) in subparagraph (G), by striking the period at the end 
     and inserting ``, and''; and
       (3) by inserting after subparagraph (G) the following new 
     subparagraph:
       ``(H) income inclusions under sections 951 and 951A, and 
     other similar amounts included in gross income with respect 
     to the ownership of stock.''.
       (b) Effective Date.--The amendments made by subsection (a) 
     shall apply to income inclusions on or after November 2, 
     2017.
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