MODIFICATION OF DEFINITION OF UNITED STATES SHAREHOLDER.

SEC. 14214. MODIFICATION OF DEFINITION OF UNITED STATES SHAREHOLDER.(a) In General.—Section 951(b) is amended by inserting “, or 10 percent or more of the total value of shares of all classes of stock of such foreign corporation” after “such foreign corporation”.(b) Effective Date.—The amendment made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2017, and to taxable years of United States shareholders with or within which such taxable years of foreign corporations end.