Page:United States Statutes at Large Volume 100 Part 5.djvu/799

 PUBLIC LAW 99-662—NOV. 17, 1986

100 STAT. 4273

other appropriate Federal agencies, shall conduct a study to determine the impact of the port use tax imposed under section 4461(a) of the Internal Revenue Code of 1954 on potential diversions of cargo Ante, p. 4266. from particular United States ports to any port in a country contiguous to the United States. The report of the study shall be submitted Reports. to the Ways and Means Committee of the House of Representatives and the Committee on Finance of the United States Senate not later than 1 year from the date of the enactment of this Act. (b) REVIEW.—The Secretary of the Treasury may, at any time, { review and revise the findings of the study conducted pursuant to subsection (a) with respect to any United States port (or to any transaction or class of transactions at such port). (c) IMPLEMENTATION OF FINDINGS.—For purposes of section Effective date. ' 4462(d)(2)(B) of the Internal Revenue Code of 1954, the findings of Ante, p. 4266. the study or review conducted pursuant to subsections (a) and Qoi) of this section shall be effective 60 days after notification to the ports concerned. Approved November 17, 1986.

LEGISLATIVE HISTORY—H.R. 6 (H.R. 2494) (S. 1567): HOUSE REPORTS: No. 99-111 accompanying H.R. 2494 (Comm. on Public Works and Transportation), No. 99-251, Pt. 1 (Comm. on Public Works and Transportation), Pt. 2 (Comm. on Interior and Insular Affairs)^ Pt. 3 (Comm. on Ways and Means), Pt. 4 (Comm. on Merchant Marine and Fisheries), and No. 99-1013 (Comm. of Conference). SENATE REPORTS: No. 99-126 accompanying S. 1567 (Comm. on Environment and Public Works) and No. 99-228 accompanying S. 1567 (Comm. on Finance). CONGRESSIONAL RECORD: Vol. 131 (1985): Nov. 5, 6, 13, considered and passed House. Vol. 132 (1986): Mar. 26, considered and passed Senate, amended, in lieu of S. 1567. Oct. 17, House and Senate agreed to conference report.

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