EXCEPTIONS FOR ACTIVE FINANCING INCOME.

SEC. 750. EXCEPTIONS FOR ACTIVE FINANCING INCOME.(a) In General.—Sections 953(e)(10) and 954(h)(9) are each amended by striking “January 1, 2010” and inserting “January 1, 2012”.(b) Conforming Amendment.—Section 953(e)(10) is amended by striking “December 31, 2009” and inserting “December 31, 2011”.(c) Effective Date.—The amendments made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2009, and to taxable years of United States shareholders with or within which any such taxable year of such foreign corporation ends.124 STAT. 3321