Page:United States Statutes at Large Volume 110 Part 2.djvu/676

 110 STAT. 1468 PUBLIC LAW 104-168^JULY 30, 1996 "(I) any enrolled agent.". 26 USC 7609 (b) EFFECTIVE DATE. —The amendment made by subsection (a) J^ote. shall apply to summonses issued after the date of the enactment of this Act. SEC. 1002. SAFEGUARDS RELATING TO DESIGNATED SUMMONSES. (a) STANDARD OF REVIEW. —Subparagraph (A) of section 6503(k)(2) (defining designated summons) is amended by redesignating clauses (i) and (ii) as clauses (ii) and (iii), respectively, and by inserting before clause (ii) (as so redesignated) the following new clause: "(i) the issuance of such summons is preceded by a review of such issuance by the regional counsel of the Office of Chief Counsel for the region in which the examination of the corporation is being conducted,". (b) LIMITATION ON PERSONS TO WHOM DESIGNATED SUMMONS MAY BE ISSUED. — Paragraph (1) of section 6503(k) is amended by striking "with respect to any return of tax by a corporation" and inserting "to a corporation (or to any other person to whom the corporation has transferred records) with respect to any return of tax by such corporation for a taxable year (or other period) for which such corporation is being examined under the coordinated examination program (or any successor program) of the Internal Revenue Service". (c) CLERICAL AMENDMENT.— Section 6503 is amended by redesignating subsections (k) and (1) (as amended by this section) as subsections (j) and (k), re^ectively. 26 USC 6503 (d) EFFECTIVE DATE. —The amendments made by this section note. shall apply to summonses issued after the date of me enactment of this Act. 26 USC 6503 SEC. 1003. ANNUAL REPORT TO CONGRESS CONCERNING DESIGNATED note. SUMMONSES. Not later than December 31 of each csdendar year after 1995, the Secretary of the Treasury or his delegate shall report to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate on the number of designated summonses (as defined in section 6503(j) of the Internal Revenue Code of 1986) which were issued during the preceding 12 months. TITLE XI—RELIEF FROM RETROACTIVE APPLICATION OF TREASURY DEPART- MENT REGULATIONS SEC. 1101. RELIEF FROM RETROACTIVE APPLICATION OF TREASURY DEPARTMENT REGULATIONS. (a) IN GENERAL. —Subsection (b) of section 7805 (relating to rules and regulations) is amended to read as follows: " (b) RETROACTIVITY OF REGULATIONS.— "(1) IN GENERAL. —Except as otherwise provided in this subsection, no temporary, proposed, or final regulation relating to the internal revenue laws shall apply to any taxable period ending before the earliest of the following dates:

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