Date: July 12, 2016
To: U.S. House of Representatives
Filing Type: Regulatory
Description: The Chamber writes in follow up to our letters of December 18, 2015, and September 8, 2015 (attached) regarding a potential reinterpretation of Internal Revenue Code (“IRC”) Section 305(c). Our most recent letter respectfully requested that (1) the publication of a proposal for notice and comment contain an economic analysis that includes a study of the impacts upon capital formation for American businesses; and (2) that any reinterpretation of IRC Section 305(c) not be applied retroactively.