The Senate proceeded to consider the said report; and Resolved, That the Senate agree thereto. Ordered, That the Secretary notify the House of Representatives thereof. ALTERNATE REPRESENTATION OF SECRETARIAL OFFICERS ON MIGRATORY BIRD CONSERVATION COMMISSION The PRESIDING OFFICER (Mr. HART in the chair) laid before the Senate the amendment this day received from the House of Representatives for concurrence to the text of the bill (S. 3504) to provide for alternate representation of secretarial officers of the Migratory Bird Conservation Commission, and for other purposes, together with the amendment to the title providing that the same read as follows: "An Act to amend the Migratory Bird Conservation Act." The Senate proceeded to consider the said amendments; and On motion by Mr. McGEE, Resolved, That the Senate agree thereto. Ordered, That the Secretary notify the House of Representatives thereof. AMENDMENT OF THE DISTRICT OF COLUMBIA TEACHERS' SALARY ACT OF 1955 On Motion by Mr. HUMPHREY, The Senate proceeded to consider the bill (S. 1447) to amend the District of Columbia Teachers' Salary Act of 1955, as amended; and the reported amendment to the text having been agreed to, Ordered, That the bill be engrossed and read a third time. The said bill was read the third time. Resolved, That it pass and that the title thereof be amended, as reported by the committee, to read: "A bill to amend the District of Columbia Teachers' Salary Act of 1955, as amended, and to provide for the adjustment of annuities paid from the District of Columbia teachers' retirement and annuity fund." Ordered, That the Secretary request the concurrence of the House of Representatives therein. AMENDMENT OF ACT CONCERNING GIFTS TO MINORS IN DISTRICT OF COLUMBIA The PRESIDING OFFICER laid before the Senate the amendment heretofore received received from the House of Representatives for concurrence to the amendment of the Senate to the bill (H.R. 11018) to amend the act concerning gifts to minors in the District of Columbia. The Senate proceeded to consider the said amendment; and On motion by Mr. BIBLE, Resolved, That the Senate agree thereto. Ordered, That the Secretary notify the House of Representatives thereof. MESSAGE FROM THE HOUSE A message from the House of Representatives, by Mr. Bartlett, one of its clerks: Mr. President: The House of Representatives has agreed to the amendment of the Senate to the amendments of the House to the bill (S. 2697) to waive certain time limitations prescribed in chapters 33 and 35 of title 38, United States Code, in the case of certain veterans and eligible persons ordered to active duty with the Armed Forces, or whose period of duty with the Armed Forces was involuntarily extended, on or after August 1, 1961. The House insists upon its amendment to the bill (S. 3597) to amend title 38, United States Code, to permit for 1 year the granting of national service life insurance to certain veterans heretofore eligible for such insurance; disagreed to by the Senate; it agrees to the conference asked by the Senate on the disagreeing votes of the two Houses thereon and has appointed Mr. TEAGUE of Texas, Mr. DORN, Mr. EVERETT, Mr. AYRES, and Mr. ADAIR managers at the same on its part. The House has agreed to the amendment of the Senate to each of the following bills of the House: H.R. 7600. An act to amend title 38, United States Code, to revise the effective date provisions relating to awards, and for other purposes; and H.R. 9342. An act to provide for an exchange of lands between the United States and the Southern Ute Indian Tribe, and for other purposes. The House has agreed to the amendments of the Senate to the following bills of the House: H.R. 6190. An act to amend title 38 of the United States Code to provide for the repair or replacement for veterans of certain prosthetic or other appliances damaged or destroyed as a result of certain accidents; H.R. 8556. An act to amend the National Science Foundation Act of 1950 to require certain additional information to be filed by an applicant for a scholarship or fellowship, and for other purposes; and H.R. 9737. An act to amend section 641 of title 38, United States Code, to provide that deductions shall not be made from Federal payments to a State home because of amounts collected from the estates of deceased veterans and used for recreational or other purposes not required by State laws. The House has disagreed to the amendments of the Senate to the bill (H.R. 12900) making appropriations for certain civil functions administered by the Department of Defense, certain agencies of the Department of the Interior, the Atomic Energy Commission, the St. Lawrence Seaway Development Corporation, the Tennessee Valley Authority, and certain river basin commissions for the fiscal year ending June 30, 1963, and for other purposes; it agrees to the conference asked by the Senate on the disagreeing votes of the two Houses thereon and has appointed Mr. CANNON, Mr. KIRWAN, Mr. FOGARTY, Mr. JENSEN, and Mr. TABER managers at the same. The House has agreed to the report of the committee of conference on the disagreeing votes of the two Houses on the amendments of the Senate to the bill (H.R. 10650) to amend the Internal Revenue Code of 1954 to provide a credit for investment in certain depreciable property, to eliminate certain defects and inequities, and for other purposes. The House has passed the following bills, in which it requests the concurrence of the Senate: H.R. 683. An act to authorize the Donna-Rio Bravo Bridge Co., to construct, maintain, and operate a toll bridge across the Rio Grande near Donna, Tex.; and H.R. 9491. An act to provide for the removal of an encumbrance on the title of certain real property heretofore conveyed to the Board of Education of the Vallejo School District, Vallejo, Calif., by the U.S. Housing Corporation. The Speaker of the House having signed six enrolled bills, viz, S. 699, S. 3120, S. 3152, S. 3156, S. 3396, and S. 3431, and two enrolled joint resolutions, viz, Senate Joint Resolution 211 and Senate Joint Resolution 228, I am directed to bring the same to the Senate for the signature of its President. ENROLLED BILLS AND JOINT RESOLUTIONS SIGNED The Secretary reported that he had examined and found truly enrolled the following enrolled bills and joint resolutions: S. 699. An act to amend the act entitled "An act to incorporate the Hungarian Reformed Federation of America," approved March 2, 1907, and for other purposes; S. 3120. An act to amend section 6 of the act of May 29, 1884; S. 3152. An act to provide for the nutritional enrichment and sanitary packaging of rice prior to its distribution under certain Federal programs, including the national school lunch program; S. 3156. An act to amend section 142 of title 28, United States Code, with regard to furnishing court quarters and accommodations at places where regular terms of court are authorized to be held, and for other purposes; S. 3396. An act to amend section 511 (h) of the Merchant Marine Act, 1936, as amended, in order to extend the time for commitment of construction reserve funds; S. 3431. An act to consent to the amendment of the Pacific marine fisheries compact and to the participation of certain additional States in such compact in accordance with the terms of such amendment; S.J. Res. 211. Joint resolution providing for the establishment of an annual National School Lunch Week; and S.J. Res. 228. Joint resolution authorizing the issuance of a gold medal to General of the Army Douglas MacArthur. The VICE PRESIDENT thereupon signed the same. HOUSE BILL REFERRED The bill H.R. 683, this day received from the House of Representatives for concurrence, was read the first and second times by unanimous consent and referred to the Committee on Foreign Relations. PROHIBITION OF USE OF CERTAIN NAMES, AND AND SO FORTH, BY COLLECTING AGENCIES IN DISTRICT OF COLUMBIA The PRESIDING OFFICER (Mr. HART in the chair) laid before the Senate the amendment heretofore received from the House of Representatives for concurrence to the bill (S. 2795) to prohibit the use by collecting agencies and private detective agencies of any name, emblem, or insignia which reasonably tends to convey the impression that any such agency is an agency of the government of the District of Columbia. The Senate proceeded to consider the said amendment; and On motion by Mr. BIBLE, Resolved, That the Senate agree thereto. Ordered, That the Secretary notify the House of Representatives thereof. DELEGATION OF FUNCTION OF APPROVING CERTAIN CONTRACTS BY COMMISSIONERS OF DISTRICT OF COLUMBIA The PRESIDING OFFICER laid before the Senate the amendment heretofore received from the House of Representatives for concurrence to the text of the bill (S. 1651) to authorize the Commissioners of the District of Columbia to delegate the function of approving contracts not exceeding $100,000, together with the amendment to the title providing that the same read as follows: "An Act to authorize the Commissioners of the District of Columbia to delegate the function of approving contracts not exceeding $50,000.” The Senate proceeded to consider the said amendments; and On motion by Mr. BIBLE, Resolved, That the Senate agree thereto. Ordered, That the Secretary notify the House of Representatives thereof. CONFERENCE REPORT ON S. 320 Mr. SMATHERS submitted the following conference report: The committee of conference on the disagreeing votes of the two Houses on the amendment of the House to the bill (S. 320) to amend the provisions contained in part II of the Interstate Commerce Act concerning registration of State certificates whereby a common carrier by motor vehicle may engage in interstate and foreign commerce within a State, having met, after full and free conference, have agreed to recommend and do recommend to their respective Houses as follows: That the Senate recede from its disagreement to the amendment of the House and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the House amendment, insert the following: That paragraph (1) of subsection (a) of section 206 of the Interstate Commerce Act is amended by striking out the last two sentences and by inserting in lieu thereof the following: "Pending the determination of any such application the continuance of such operation shall be lawful." Sec. 2. Subsection (a) of section 206 of the Interstate Commerce Act is amended by adding at the end thereof the following new paragraphs: "(6) On and after the date of the enactment of this paragraph no certificate of public convenience and necessity under this part shall be required for operations in interstate or foreign commerce by a common carrier by motor rehicle operating solely within a single State and not controlled by, controlling, or under a common control with any carrier engaged in operations outside such State, if such carrier has obtained from the commission of such State authorized to issue such certificates, a certificate of public convenience and necessity authorizing motor vehicle common carrier operations in intrastate commerce and such certificate recites that it was issued after notice to interested persons through publication in the Federal Register of the filing of the application and of the desire of the applicant also to engage in transportation in interstate and foreign commerce within the limits of the intrastate authority granted, that reasonable opportunity was afforded interested persons to be heard, that the State commission has duly considered the question of the proposed interstate and foreign operations and has found that public convenience and necessity require that the carrier authorized to engage in intrastate operations also be authorized to engage in operations in interstate and foreign commerce within limits which do not exceed the scope of the intrastate operations authorized to be conducted. Such operations in interstate and foreign commerce shall, however, be subject to all other applicable requirements of this Act and the regulations prescribed hereunder. Such rights to engage in operations in interstate or foreign commerce shall be evidenced by appropriate certificates of registration issued by the Commission which shall be valid only so long as the holder is a carrier engaged in operations solely within a single State, not controlled by, controlling, or under a common control with a carrier engaged in operation outside such State, and except as provided in section 5 and in the conditions and limitations stated herein, may be transferred pursuant to such rules and regulations as may be prescribed by the Commission, but may not be transferred apart from the transfer of the corresponding intrastate certificate, and the transfer of the intrastate certificate without the interstate or foreign rights shall terminate the right to engage in interstate or foreign commerce. The termination, restriction in scope, or suspension of the intrastate certificate shall on the 180th day thereafter terminate or similarly restrict the right to engage in interstate or foreign commerce unless the intrastate certificate shall har been renewed, reissued, or reinstated or the restrictions removed within said one hundred eighty-day period. Such rights shall be subject to suspension or termination by the Commission in accordance with the provisions of this Act governing the suspension and termination of certificates issued by the Com mission. The Commission may impose reasonable requirements with respect to the filing with it of certified copies of such State certificates and other appropriate statements and data, and compliance with applicable requirements established by and under the authority of statutes applicable to interstate and foreign operations administered by the Commission, as conditions precedent to engaging in interstate and foreign operations under the authority of such State certificate. In accordance with such reasonable rules as may be prescribed by the Commission, any party in interest, who or which opposed in the State commission proceeding the authorization of operations in interstate or foreign commerce, may petition the Commission for reconsideration of the decision of the State commission authorizing operations in interstate or foreign commerce, and upon such reconsideration upon the record made before the State commission, the Commission may affirm, reverse, or modify the decision of the State commission, but only with respect to the authorization of operations in interstate and foreign commerce. "(7) (A) In the case of any person who or which on the date of the enactment of this paragraph was in operation solely within a single State as a common carrier by motor vehicle in intrastate commerce (excluding persons controlled by. controlling, or under a common control with, a carrier engaged in operations outside such State), and who or with, which was also lawfully engaged in such operations in interstate or foreign commerce under the certificate exemption provisions of the second proviso of paragraph (1) of this subsection, as in effect immediately before the date of the enactment of this paragraph or who or which would have been so lawfully engaged in such operations but for the pendency of litigation to determine the validity of such person's intrastate operations to the extent such litigation is resolved in favor of such person, and has continued to so operate since that date or if engaged in furnishing seasonal service only, was lawfully engaged in such operations in the year 1961 during the season ordinarily covered by its operations, and such operations have not been discontinued), except in either instance as to interruptions of service over which such person had no control, the Commission shall issue to such person a certificate of registration authorizing the continuance of such transportation in interstate and foreign commerce if application and proof of operations are submitted as provided in this subsection. Such certificate of registration shall not exceed in scope the services authorized by the State certificate to be conducted in intrastate commerce, and shall be subject to the same terms, conditions, and limitations as are contained in or attached to the State certificate except to the extent that such terms, conditions, or limitations are inconsistent with the requirements established by or under this Act. If the effectiveness of the State certificate is limited to a specified period of time, the certificate of registration issued under this paragraph (7) shall be similarly limited. Operations in interstate and foreign commerce under such certificates of registration shall be subject to all other applicable requirements of this Act and the regulations prescribed hereunder. Certificates of registration shall be valid only so long as the holder is a carrier engaged in operation solely within a single State, not controlled by, controlling, or under a common control with a carrier engaged in operation outside such State, and except as provided in section 5 and in the conditions and limitations stated herein, may be transferred pursuant to such rules and regulations as may be prescribed by the Commission, but may not be transferred apart from the transfer of the corresponding intrastate certificate, and the transfer of the intrastate certificate without the interstate or foreign rights shall terminate the right to engage in interstate or foreign commerce. The termination, restriction in scope, or suspension of the intrastate certificate shall on the 180th day thereafter terminate or similarly restrict the right to engage in interstate or foreign commerce unless the intrastate certificate shall have been renewed, reissued, or reinstated or the restrictions removed within said one hundred and eighty-day period. Such certificates of registration shall be subject to suspension or termination by the Commission in accordance with the provisions of this Act governing the suspension and termination of certificates of public convenience and necessity issued by the Commission. "(B) All rights to engage in operations in interstate and foreign commerce under the provisions of the second proviso of paragraph (1) of this subsection, as in effect immediately before the date of the enactment of this paragraph, shall cease and terminate, but any carrier lawfully engaged in interstate and foreign operations on the date of the enactment of this paragraph or any carrier who would have been so lawfully engaged in such operations but for the pendency of litigation to determine the validity of such person's intrastate operations to the extent such litigation is resolved in favor of such person, pursuant to such provisions, may continue such operations for 120 days after such date and, if an appropriate application for a certificate of registration is filed within such period, such operations may be continued pending the determination of such application. The Commission shall prescribe the form of such application, the information and documents to be furnished, the manner of filing, and the persons to whom or the manner of giving notice to interested persons of such filings. Issues arising in the determination of such applications shall be determined in the most expeditious manner and, so far as practicable and legally permissible, without formal hearings or other proceedings. A notice of intent to engage in interstate and foreign operations accompanied by certified copies of effective, lawfully issued or acquired State certifi cates filed with the Commission as evi- VANCE HARTKE, Managers on the Part of the Senate. JOHN BELL WILLIAMS, JOHN B. BENNETT, W. L. SPRINGER, HAROLD R. COLLIER, Managers on the Part of the House. The Senate proceeded to consider the said report; and Resolved, That the Senate Senate agree thereto. Ordered, That the Secretary notify the House of Representatives thereof. CONFERENCE REPORT ON H.R. 10650 Mr. KERR submitted the following conference report: The committee of conference on the disagreeing votes of the two Houses on the amendments of the Senate to the bill (H.R. 10650) to amend the Internal Revenue Code of 1954 to provide a credit for investment in certain depreciable property, to eliminate certain defects and inequities, and for other purposes, having met, after full and free conference, have agreed to recommend and do recommend to their respective Houses as follows: That the Senate recede from its amendments numbered 11, 12, 13, 14, 28, 30, 50, 95, 145, 146, 197, 199, 200, and 203. That the House recede from its disagreement to the amendments of the Senate numbered 2, 3, 4, 6, 7, 8, 10, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 49, 51, 52, 53, 55, 56, 57, 58, 59, 62, 63, 64, 65, 66, 67, 68, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 86, 88, 93, 94, 97, 98, 100, 101, 102, 103, 105, 106, 107, 108, 109, 110, 111, 112, 113, 114, 115, 116, 117, 118, 119, 120, 121, 122, 123, 124, 125, 127, 128, 129, 130, 131, 132, 133, 134, 135, 136, 137, 138, 139, 141, 142, 143, 144, 147, 148, 149, 150, 151, 152, 153, 154, 155, 156, 157, 158, 160, 162, 163, 164, 165, 166, 167, 168, 169, 170, 171, 172, 174, 175, 176, 177, 178, 179, 181, 182, 184, 185, 186, 188, 191, 193, and 194, and agree to the same. Amendment numbered 1: That the House recede from its disagreement to the amendment of the Senate numbered 1, and agree to the same with amendments as follows: Page 3, line 6, of the Senate engrossed amendments, strike out "date" and insert dates L And the Senate agree to the same. Amendment numbered 5: That the House recede from its disagreement to the amendment of the Senate numbered 5, and agree to the same with amendments as follows: Page 6, line 13, of the Senate engrossed amendments, strike out "June 30, 1962" and insert December 31, 1961 Page 7 of the Senate engrossed amendments, strike out lines 14 to 22, inclusive, and insert: "(4) Taxable year beginning before January 1, 1962.-For purposes of determining the amount of an investment credit carryback that may be added under paragraph (1) for a taxable year beginning before January 1, 1962, and ending after December 31, 1961, the amount of the limitation provided by subsection (a) (2) is the amount which bears the same ratio to such limitation as the number of days in such year after December 31, 1961, bears to the total number of days in such year. And the Senate agree to the same. Amendment numbered 9: That the House recede from its disagreement to the amendment of the Senate numbered 9, and agree to the same with an amendment as follows: Page 9, line 19, of the Senate engrossed amendments, after "is", insert equal to or; and the Senate agree to the same. Amendment numbered 29: That the House recede from its disagreement to the amendment of Senate numbered 29, and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following:, or, in the case of an item directly preceding or following a substantial and bona fide business discussion (including business meetings at a convention or otherwise), that such item was associated with,; and the Senate agree to the same. Amendment numbered 31: That the House recede from its disagreement to the amendment of the Senate numbered 31, and agree to the same with an amend ment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following:, or, in the case of an item described in subparagraph (A) directly preceding or following a substantial and bona fide business discussion (including business meetings at a convention or otherwise), the portion of such item associated with,; and the Senate agree to the same. Amendment numbered 48: That the House recede from its disagreement to the amendment of the Senate numbered 48, and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following:, but the amount determined under this subparagraph shall in no case be greater than the larger of "(i) the amount determined under paragraph (4), or "(ii) the amount which, when added to the amount determined under subparagraph (A), equals the amount by which 12 percent of the total deposits or withdrawable accounts of depositors of the taxpayer at the close of such year exceeds the sum of its surplus, undivided profits, and reserves at the beginning of such year taking into account any portion thereof attributable to the period before the first taxable year beginning after December 31, 1951) And the Senate agree to the same. Amendment numbered 54: That the House recede from its disagreement to the amendment of the Senate numbered 54, and agree to the same with an amendment as follows: Page 46, after line 4, of the House engrossed bill insert: "(5) Limitation in case of certain domestic building and loan associations.-If the percentage of the assets of a domestic building and loan association which are not assets described in section 7701(a) (19) (D) (ii) exceeds 36 percent for the taxable year (as determined for purposes of section 7701 (a) (19) for such year), the amount determined under paragraph (2), and the amount determined under paragraph (3), shall in each case be the amount (determined without regard to this paragraph but with regard to the limits contained in paragraphs (2), (3), and (1)(B)) reduced by the amount determined under the following table: Page 24, line 15, of the Senate engrossed amendments, strike out the parenthesis at the beginning of the line. Page 25, line 23, of the Senate engrossed amendments, strike out "(1) and (ii)" and insert (i), (ii), (iv), and (vi) Page 26, line 10, of the Senate engrossed amendments, strike out "(i) and (ii)" and insert (i), (ii), (iv), and (vi) Page 27, after line 6, of the Senate engrossed amendments, insert The term 'domestic building and loan association' also includes any association which, for the taxable year, would satisfy the requirements of the first sentence of this paragraph if '41 percent' were substituted for '36 percent' in subparagraph (E). Except in the case of the tarpayer's first taxable year beginning after the date of the enactment of the Revenue Act of 1962, the second sentence of this paragraph shall not apply to an association for the taxable year unless such association (i) was a domestic building and loan association within the meaning of the first sentence of this paragraph for the first taxable year preceding the taxable year, or (ii) was a domestic building and loan association solely by reason of the second sentence of this paragraph for the first taxable year preceding the taxable year (but not for the second preceding taxable year). ; and the Senate agree to the same. Amendment numbered 61: That the House recede from its disagreement to the amendment of the Senate numbered 61, and agree to the same with amendments as follows: Page 27, line 13, of the Senate engrossed amendments, strike out "Ex CISE". Page 27, line 15, of the Senate engrossed amendments, after "ACT", insert of 1933 Page 27, line 16, of the Senate engrossed amendments, after “Act”, insert of 1933 Page 27, lines 19 and 20, of the Senate engrossed amendments, strike out "ExEMPTION FROM DISCRIMINATORY STATE AND LOCAL TAXATION.-". And the Senate agree to the same. Amendment numbered 69: That the House recede from its disagreement to the amendment of the Senate numbered 69, and agree to the same with amendments as follows: Page 64, line 9, of the House engrossed bill, strike out "6047" and insert 6048 Page 65, line 13, of the House engrossed bill, strike out "6047" and insert 6048 Page 67, after line 6, of the House engrossed bill strike out "6047′′ and insert 6048 And the Senate agree to the same. Amendment numbered 85: That the House recede from its disagreement to the amendment of the Senate numbered 85, and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following: $500.000; and the Senate agree to the same. Amendment numbered 87: That the House recede from its disagreement to the amendment of the Senate numbered 87, and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following: Special Transitional Underwriting Loss.— "(1) Companies to which subsection applies.-This subsection shall apply to every mutual insurance company which has been subject to the tax imposed by this section (as effect before the enactment of this subsection) for the 5 taxable years immediately preceding January 1, 1962, and has incurred an underwriting loss for each of such 5 taxable years. "(2) Reduction of statutory underwriting income.—For purposes of this part, the statutory underwriting income of a company described in paragraph (1) for the taxable year shall be the statutory underwriting income for the taxable year (determined without regard to this subsection) reduced by the amount by which— "(A) the sum of the underwriting losses of such company for the 5 taxable years immediately preceding January 1, 1962, exceeds "(B) the total amount by which the company's statutory underwriting income was reduced by reason of this subsection for prior taxable years. "(3) Underwriting loss defined.For purposes of this subsection, the term 'underwriting loss' means statutory underwriting loss, computed without any deduction under section 824 (a) and without any deduction under section 832 (c) (11). "(4) Years to which subsection applies.-This subsection shall apply with respect to any taxable year beginning after December 31, 1963, and before January 1, 1968, for which the tarpayer is subject to the tax imposed by subsection (a), And the Senate agree to the same. Amendment numbered 89: That the House recede from its disagreement to the amendment of the Senate numbered 89, and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following: $1,100,000; and the Senate agree to the same. Amendment numbered 90: That the House recede from its disagreement to the amendment of the Senate numbered 90, and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following: $1,100,000; and the Senate agree to the same. Amendment numbered 91: That the House recede from its disagreement to the amendment of the Senate numbered 91, and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following: $500,000; and the Senate agree to the same. Amendment numbered 92: That the House recede from its disagreement to the amendment of the Senate numbered 92, and agree to the same with an amend ment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following: $1,100000; and the Senate agree to the same. Amendment numbered 96: That the House recede from its disagreement to the amendment of the Senate numbered 96, and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following: arising, either in any one State or within 200 miles of any fixed point selected by the taxpayer,; and the Senate agree to the same. Amendment numbered 99: That the House recede from its disagreement to the amendment of the Senate numbered 99, and agree to the same with an amendment as follows: Page 85, line 4, of the House engrossed bill, after "insurance", insert company; and the Senate agree to the same. Amendment numbered 104: That the House recede from its disagreement to the amendment of the Senate numbered 104, and agree to the same with amendments as follows: Page 89, line 10, of the House engrossed bill, after "mutual fire", insert or flood Page 89, line 19, of the House engrossed bill, after the period and before the quotation marks, insert Premiums paid by the subscriber of a mutual flood insurance company referred to in paragraph (3) of section 831(a) shall be treated, for purposes of computing the taxable income of such subscriber, in the same manner as premiums paid by a policyholder to a mutual fire insurance company referred to in such paragraph (3). Page 90, line 18, of the House engrossed bill, after "mutual fire", insert or flood And the Senate agree to the same. Amendment numbered 126: That the House recede from its disagreement to the amendment of the Senate numbered 126, and agree to the same with amendments as follows: Page 62, line 7, of the Senate engrossed amendments, before "is", insert income Page 64, line 24, of the Senate engrossed amendments, after "is", insert created or Page 82, lines 6 and 7, of the Senate engrossed amendments, strike out "(computed without regard to section 931)". Page 82, lines 14 and 15, of the Senate engrossed amendments, strike out "(computed without regard to section 931)". Page 100 of the Senate engrossed amendments, strike out the table following line 10 and insert: Under 10-- "If the effective foreign tax rate is (percentage)The required minimum distribution of earnings and profits is (percentage) — 10 or over but less than 20_____ 20 or over but less than 28----. 28 or over but less than 34----. 34 or over but less than 39---39 or over but less than 42_. 90 86 82 75 68 55 42 or over but less than 44.. 44 or over but less than 46_. 40 27 46 or over but less than 47_ 47 or over - 14 Page 106, line 3, of the Senate engrossed amendments, strike out "total" and insert consolidated Page 106, line 5, of the Senate engrossed amendments, strike out "total" and insert consolidated Page 107, lines 20 and 21, of the Senate engrossed amendments, strike out "is eligible to make" and insert makes And the Senate agree to the same. Amendment numbered 140: That the House recede from its disagreements to the amendment of the Senate numbered 140, and agree to the same with an amendment as follows: Page 123, line 14, of the Senate engrossed amendments, after "1962" insert a comma; and the Senate agree to the same. Amendment numbered 159: That the House recede from its disagreement to the amendment of the Senate numbered 159, and agree to the same with amendments as follows: Page 130 of the Senate engrossed amendments, beginning with line 8, strike out all through page 131 and insert the following: "(b) Limitation on Tax Applicable to Individuals. In the case of an individual, if the stock sold or exchanged is a capital asset (within the meaning of section 1221) and has been held for more than 6 months the tax attributable to an amount included in gross income as a dividend under subsection (a) shall not be greater than a tax equal to the sum of "(1) a pro rata share of the excess of "(A) the taxes that would have been paid by the foreign corporation with respect to its income had it been taxed under this chapter as a domestic corporation (but without allowance for deduction of, or credit for, taxes described in subparagraph (B)), for the period or periods the stock sold or exchanged was held by the United States person in taxable years beginning after December 31, 1962, while the foreign corporation was a controlled foreign corporation, adjusted for distributions and amounts previously included in gross income of a United States shareholder under section 951, over "(B) the income war profits, or excess profits taxes paid by the foreign corporation with respect to such income; and "(2) an amount equal to the tax that would result by including in gross income, as gain from the sale or exchange of a capital asset held for more than 6 months, an amount equal to the excess of (A) the amount included in gross income as a dividend under subsection (a), over (B) the amount determinated under paragraph (1). Page 135, lines 9 and 10, of the Senate engrossed amendments, strike out "referred to in subparagraph (B)" and insert ending on the date of the sale or exchange Page 137, line 25, of the Senate engrossed amendments, strike out "(2)". And the Senate agree to the same. Amendment numbered 161: That the House recede from its disagreement to the amendment of the Senate numbered 0 161, and agree to the same with amend ments as follows: Page 139 of the Senate engrossed amendments, insert quotation marks after "apply." in line 7 and strike out lines 8 to 14, inclusive; and the Senagree to the same. Amendment numbered 173: That the House recede from its disagreement to the amendment of the Senate numbered 173, and agree to the same with amendments, as follows: Page 150, line 4, of the Senate engrossed amendments, strike out "6047" and insert 6048 Page 150, line 6, of the Senate engrossed amendments, strike out "6048" and insert 6049 Page 154, line 13, of the Senate engrossed amendments strike out "6048 (a) (1)" and insert 6049 (a) (1) Page 155, line 4, of the Senate engrossed amendments, strike out "6048 (a) (2)" and insert 6049 (a) (2) Page 155, line 5, of the Senate engrossed amendments, strike out "6048 (a) (3)" and insert 6049 (a) (3) Page 156, line 5, of the Senate engrossed amendments, strike out "6048 (c)" and insert 6049 (c) Page 156, line 8, of the Senate engrossed amendments, strike out "6048 (a) (1)" and insert 6049 (a) (1) Page 156, line 22, of the Senate engrossed amendments, strike out "6048 (a) (1)" and insert 6049 (a) (1) Page 156, line 25, of the Senate engrossed amendments, strike out "6048 (a) (2), or 6048 (a) (3)" and insert 6049 (a) (2), or 6049 (a) (3) Page 157, line 19, of the Senate engrossed amendments, strike out "6048" and insert 6049; and the Senate agree to the same. Amendment numbered 180: That the House recede from its disagreement to the amendment of the Senate numbered 180, and agree to the same with an amendment as follows: Page 159, line 18, of the Senate engrossed amendments, after "person", insert (as defined in section 7701(a) (30); and the Senate agree to the same. Amendment numbered 183: That the House recede from its disagreement to the amendment of the Senate numbered 183, and agree to the same with an amendment as follows: In lieu of the matter proposed to be inserted by the Senate amendment insert the following: "(e) Limitation. "(1) General rule.-Except as provided in paragraph (2), no information shall be required to be furnished under this section with respect to any foreign corporation unless such information was required to be furnished under regulations which have been in effect for at least 90 days before the date on which the United States citizen, resident, or person becomes liable to file a return required under subsection (a). "(2) Exception.-In the case of liability to file a return under subsection (a) arising on or after January 1, 1963, and before June 1, 1963 "(A) no information shall be required to be furnished under this section with respect to any foreign corporation unless such information was required to be furnished under |