STUDY OF DEFINITION OF UNITED STATES RESIDENT.

SEC. 6138. STUDY OF DEFINITION OF UNITED STATES RESIDENT. (a) In General.—The Secretary of the Treasury or his delegate shall conduct a study of section 7701(b) of the Internal Revenue Code of 1986, relating to the determination as to whether a person is a United States resident for purposes of Federal tax laws. Such study shall include an examination of— (1) the effect such determination has on Federal tax administration and investment flows between the United States and other countries, (2) the coordination of such determination with any treaty obligations of the United States, (3) how such determination compares with the way such determination is made by our major trading partners, and (4) any estimated revenue gain or loss which would result from modifying such determination. (b) Report.—The Secretary of the Treasury or his delegate shall report before May 1, 1989, the results of the study conducted under subsection (a) to the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives.