[Congressional Record Volume 163, Number 196 (Friday, December 1, 2017)]
[Senate]
[Page S7723]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1819. Mr. HATCH 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 440, strike lines 16 through 25, and insert the 
     following:
       ``(i) Sales to related parties.--If property is sold to a 
     related party who is not a United States person, such sale 
     shall not be treated as for a foreign use unless--

       ``(I) such property is ultimately sold by a related party, 
     or used by a related party in connection with property which 
     is sold or the provision of services, to another person who 
     is an unrelated party who is not a United States person, and
       ``(II) the taxpayer establishes to the satisfaction of the 
     Secretary that such property is for a foreign use.

     For purposes of this clause, a sale of property shall be 
     treated as a sale of each of the components thereof.
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