[Congressional Record Volume 163, Number 196 (Friday, December 1, 2017)]
[Senate]
[Page S7726]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 1829. Mr. RISCH 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 33, between lines 17 and 18, insert the following:
       ``(5) Special rule for bdc dividends.--
       ``(A) In general.--For purposes of this section, a 
     qualified BDC dividend shall be treated in the same manner as 
     a qualified REIT dividend.
       ``(B) Qualified bdc dividend.--For purposes of this 
     paragraph, the term `qualified BDC dividend' means any 
     dividend received from an electing business development 
     company during the taxable year which is not--
       ``(i) a capital gain dividend, as defined in section 
     852(b)(3), and
       ``(ii) qualified dividend income, as defined in section 
     1(h)(11).
       ``(C) Electing business development company.--For purposes 
     of this paragraph, the term `electing business development 
     company' means a business development company (as defined in 
     section 2(a) of the Investment Company Act of 1940 (15 U.S.C. 
     80a-2(a))) which has an election in effect under section 851 
     to be treated as a regulated investment company.
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