1545-BM80 201610 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Exception to Foreign Personal Holding Company Income for Foreign Currency Gain or Loss

These proposed regulations will clarify and modify the exception to foreign personal holding company income for foreign currency gains and losses related to the needs of the issuers. Proposed regulations to permit election of mark-to-market timing convention for certain foreign currency gains and losses.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Proposed Rule Stage Undetermined No 26 CFR 1.954-2 26 CFR 1.988-5 26 CFR 1.996-4 26 U.S.C. 954(c)(1)(D) 26 U.S.C. 989(c) 26 U.S.C. 7805(a) 26 U.S.C. 996 No NPRM 12/00/2016 REG-119514-15 Drafting Attorney: Jeffrey G. Mitchell (202) 317-6934 Treasury Attorney: Brian Jenn CC:INTL No No None No No No No Jeffery Mitchell G. Branch Chief 1545 Internal Revenue Service IRS 202 317-6934 1111 Constitution Avenue NW., Washington DC 20224