Political Quotes

“Madam Speaker, I move to suspend the rules and pass the bill (H.R. 4337) to amend the Internal Revenue Code of 1986 to modify certain rules applicable to regulated investment companies, and for other purposes, as amended. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 4337 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE, ETC. (a) Short Title.--This Act may be cited as the ``Regulated Investment Company Modernization Act of 2010''. (b) Reference.--Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made to a section or other provision of the Internal Revenue Code of 1986. (c) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title, etc. TITLE I--CAPITAL LOSS CARRYOVERS OF REGULATED INVESTMENT COMPANIES Sec. 101. Capital loss carryovers of regulated investment companies. TITLE II--MODIFICATION OF GROSS INCOME AND ASSET TESTS OF REGULATED INVESTMENT COMPANIES Sec. 201. Income from commodities counted toward gross income test of regulated investment companies. Sec. 202. Savings provisions for failures of regulated investment companies to satisfy gross income and asset tests. TITLE III--MODIFICATION OF RULES RELATED TO DIVIDENDS AND OTHER DISTRIBUTIONS Sec. 301.…”