Page:United States Statutes at Large Volume 103 Part 2.djvu/745

 PUBLIC LAW 101-194—NOV. 30, 1989 103 STAT. 1755 graph (15) and by inserting after paragraph (13) the following new paragraph: "(14) In determining the period for which the taxpayer has held property the acquisition of which resulted under section 1043 in the nonrecognition of any part of the gain realized on the sale of other property, there shall be included the period for which such other property had been held as of the date of such sale.". (2) Subsection (a) of section 1016 of such Code (relating to a4justments to basis) is amended by striking "and" at the end of paragraph (23), by striking the period at the end of paragraph (24) and inserting ", and", and by adding at the end thereof the following new paragraph: "(25) in the case of property the acquisition of which resulted under section 1043 in the nonrecognition of any part of the gain realized on the sale of other property, to the extent provided in section 1043(c).". (3) The table of sections for part III of subchapter O of chapter 1 of such Code is amended by adding at the end thereof the following new item: "Sec. 1043. Sale of property to comply with conflict-of-interest require- ments.", (c) EFFECTIVE DATE. —The amendments made by this section shall 26 USC 1016 apply to sales after the date of the enactment of this Act. ^ SEC. 503. USE OF GOVERNMENT VEHICLES. 31 USC 1344 Notwithstanding any other provision of law, the head of each department, agency, or other entity of each branch of the Govern- ment shall prescribe by rule appropriate conditions for the inciden- tal use, for other than official business, of vehicles owned or leased by the Government. Such use with respect to vehicles owned or leased by, or the cost of which is reimbursed by, the House of Representatives or the Senate shall be only as prescribed by rule of the House of Representatives or the Senate, as applicable. SEC. 504. AMENDMENT TO THE FEDERAL ELECTION CAMPAIGN ACT OF 1971 TO ELIMINATE THE EXCESS CAMPAIGN FUND GRAND- FATHER PROVISION. (a) IN GENERAL. —Section 313 of the Federal Election Campaign Act of 1971 (2 U.S.C. 439a) is amended by striking ", with respect to" and all that follows through "1979,". (b) EFFEcnvE DATE.—The amendment made by subsection (a)— 2 USC 439a note. (1) in the case of an individual who serves as a Senator or Representative in, or Delegate or Resident Commissioner to, the Congress in the 102nd Congress or an earlier Congress, shall apply, except as provided in paragraph (2), to the use of excess amounts totaling more than the amount equal to the unobli- gated balance on hand on the date of the enactment of this Act; and (2) in the case of an individual who serves as a Senator or Representative in, or Delegate or Resident Commissioner to, the Congress after the 102nd Congress (including an individual referred to in paragraph (1) who so serves), shall apply to the use of any excess amount on or after the first day of such service.

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