Page:United States Statutes at Large Volume 121.djvu/2512

 PUBLIC LAW 110–172—DEC. 29, 2007

121 STAT. 2491

(i) by striking subparagraph (I) and by redesignating subparagraphs (J) through (M) as subparagraphs (I) through (L), respectively, and (ii) by striking ‘‘subparagraphs (J), (K), and (L)’’ in the flush sentence at the end and inserting ‘‘subparagraphs (I), (J), and (K)’’. (B) Clause (ii) of section 954(c)(2)(C) is amended by striking ‘‘section 956(c)(2)(J)’’ and inserting ‘‘section 956(c)(2)(I)’’. (16) Paragraph (1) of section 992(a) is amended by striking subparagraph (E), by inserting ‘‘and’’ at the end of subparagraph (C), and by striking ‘‘, and’’ at the end of subparagraph (D) and inserting a period. (17) Paragraph (5) of section 1248(d) is amended— (A) by inserting ‘‘(as defined in section 922)’’ after ‘‘a FSC’’, and (B) by adding at the end the following new sentence: ‘‘Any reference in this paragraph to section 922, 923, or 927 shall be treated as a reference to such section as in effect before its repeal by the FSC Repeal and Extraterritorial Income Exclusion Act of 2000.’’. (18) Subparagraph (D) of section 1297(b)(2) is amended by striking ‘‘foreign trade income of a FSC or’’. (19)(A) Paragraph (1) of section 6011(c) is amended by striking ‘‘or former DISC or a FSC or former FSC’’ and inserting ‘‘, former DISC, or former FSC (as defined in section 922 as in effect before its repeal by the FSC Repeal and Extraterritorial Income Exclusion Act of 2000)’’. (B) Subsection (c) of section 6011 is amended by striking ‘‘AND FSC’S’’ in the heading thereof. (20) Subsection (c) of section 6072 is amended by striking ‘‘a FSC or former FSC’’ and inserting ‘‘a former FSC (as defined in section 922 as in effect before its repeal by the FSC Repeal and Extraterritorial Income Exclusion Act of 2000)’’. (21) Section 6686 is amended by inserting ‘‘FORMER’’ before ‘‘FSC’’ in the heading thereof.

26 USC 954.

Approved December 29, 2007.

dkrause on GSDDPC44 with PUBLAW

LEGISLATIVE HISTORY—H.R. 4839: CONGRESSIONAL RECORD, Vol. 153 (2007): Dec. 19, considered and passed House and Senate.

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