CERTAIN POLISH BONDS NOT SUBJECT TO INTERNAL REVENUE CODE RULES RELATING TO BELOW-MARKET LOANS.

SEC. 307. CERTAIN POLISH BONDS NOT SUBJECT TO INTERNAL REVENUE CODE RULES RELATING TO BELOW-MARKET LOANS. (a) In General.—Paragraph (5) of section 1812(b) of the Tax Reform Act of 1986 is amended— (1) by inserting “or Poland” after “Israel” in the text thereof, and (2) by inserting “or polish” after “israel” in the heading thereof. (b) Effective Date.—The amendments made by this section shall apply to obligations issued after the date of the enactment of this Act.