S.Amdt. 1686

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).''
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