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The final regulations would provide guidance under section 162(m). Section 162(m)(1) generally limits the allowable deduction for a taxable year for applicable employee remuneration by any publicly held corporation paid with respect to a covered employee.  Section 162(m) was amended by an Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018 (Act), Public Law 115-97 (2017). The Act amended the definitions of applicable employee remuneration, publicly held corporation, and covered employee.  The proposed regulations would provide guidance for these amendments.