Page:United States Statutes at Large Volume 119.djvu/1993

 PUBLIC LAW 109–59—AUG. 10, 2005

119 STAT. 1975

(A) by striking ‘‘Any portion’’ in the first sentence and inserting ‘‘Any portion of a refund made under section 6416(a)(4) and any portion’’, (B) by striking ‘‘payments under sections 6420’’ in the first sentence and inserting ‘‘refunds under section 6416(a)(4) and payments under sections 6420’’, (C) by striking ‘‘section 6420’’ in the second sentence and inserting ‘‘section 6416(a)(4), 6420’’, and (D) by striking ‘‘SECTIONS 6420, 6421, AND 6427’’ in the heading thereof and inserting ‘‘CERTAIN SECTIONS’’. (2) Section 6675(a) is amended by inserting ‘‘section 6416(a)(4) (relating to certain sales of gasoline),’’ after ‘‘made under’’. (3) Section 6675(b)(1) is amended by inserting ‘‘6416(a)(4),’’ after ‘‘under section’’. (4) The item relating to section 6206 in the table of sections for subchapter A of chapter 63 is amended by striking ‘‘sections 6420, 6421, and 6427’’ and inserting ‘‘certain sections’’. (e) EFFECTIVE DATE.—The amendments made by this section shall apply to sales after December 31, 2005.

26 USC 4101 note.

SEC. 11164. REREGISTRATION IN EVENT OF CHANGE IN OWNERSHIP.

(a) IN GENERAL.—Section 4101(a) (relating to registration) is amended by adding at the end the following new paragraph: ‘‘(4) REREGISTRATION IN EVENT OF CHANGE IN OWNERSHIP.— Under regulations prescribed by the Secretary, a person (other than a corporation the stock of which is regularly traded on an established securities market) shall be required to reregister under this section if after a transaction (or series of related transactions) more than 50 percent of ownership interests in, or assets of, such person are held by persons other than persons (or persons related thereto) who held more than 50 percent of such interests or assets before the transaction (or series of related transactions).’’. (b) CONFORMING AMENDMENTS.— (1) CIVIL PENALTY.—Section 6719 (relating to failure to register) is amended— (A) by inserting ‘‘or reregister’’ after ‘‘register’’ each place it appears, (B) by inserting ‘‘OR REREGISTER’’ after ‘‘REGISTER’’ in the heading for subsection (a), and (C) by inserting ‘‘OR REREGISTER’’ after ‘‘REGISTER’’ in the heading thereof. (2) CRIMINAL PENALTY.—Section 7232 (relating to failure to register under section 4101, false representations of registration status, etc.) is amended— (A) by inserting ‘‘or reregister’’ after ‘‘register’’, (B) by inserting ‘‘or reregistration’’ after ‘‘registration’’, and (C) by inserting ‘‘OR REREGISTER’’ after ‘‘REGISTER’’ in the heading thereof. (3) ADDITIONAL CIVIL PENALTY.—Section 7272 (relating to penalty for failure to register) is amended— (A) by inserting ‘‘or reregister’’ after ‘‘failure to register’’ in subsection (a), and (B) by inserting ‘‘OR REREGISTER’’ after ‘‘REGISTER’’ in the heading thereof.

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