Date: July 12, 2016

Issue: Tax

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.

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