S.Amdt. 1829

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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