79 STAT. ]
PUBLIC LAW 89-243-OCT. 9, 1965
955
for delivery to the foreign person from whom the acquisition was made written evidence of such approval in the form of a commitment letter, memorandum of terms, draft purchase contract, or other document setting forth, or referring to a document sent by the foreign person from whom the acquisition was made which set forth, the principal terms of such acquisition, subject only to the execution of formal documents evidencing the acquisition and to customary closing conditions. (3) PUBLIC OFFERINGS.—Such amendments shall not apply to an acquisition of debt obligations made on or before April 12, 1965, if— (A) a registration statement (within the meaning of the Securities Act of 1933) was in effect with respect to the debt obligation acquired at the time of its acquisition; (B) the registraition statement was first filed with the Securities and Exchange Commission on February 10, 1965, or within 90 days before that date; and (C) no amendment was filed with the Securities and Exchange Commission after February 10, 1965, and before the acquisition which had the effect of increasing the aggregate face amount of the debt obligations covered by the registration statement. (4) FORECLOSURES.—Such amendments shall not apply to an acquisition of debt obligations as a result of a foreclosure by a creditor pursuant to the terms of an instrument held by such creditor on February 10, 1965. (d)
48 Stat. 74. 15 USC 77a.
RETURNS.—
(1) FIRST RETURN PERIOD.—Notwithstanding any provision of
section 6011(d)(1) of the Internal Revenue Code of 1954, the first ^ ^ta^ s^43. period for which returns shall be made under such section 6011 (d)(1) with respect to acquisitions made subject to tax by this section shall be the period commencing February 11, 1965, and ending at the close of the calendar quarter in which the enactment of this Act occurs. (2) T I M E FOR FILING FIRST RETURNS.—Notwithstanding
any
provision of section 6076 of the Internal Revenue Code of 1954, the first return with respect to acquisitions made subject to tax by this section shall be filed on or before the last day of the first month following the close of the calendar quarter in which the enactment of this Act occurs, or at such later time as may be provided in regulations prescribed by the Secretary or his delegate. (e)
^e use 6o76.
CONFORMING AMENDMENTS.—
(1) Effective as provided in paragraph (2), section 4931 is amended— (A) by striking out subsection (c) and redesignating subsections (d) and (e) as subsections (c) and (d), resoectively; (B) by striking out "subsection (b) or (c) " each place it appears m subsection (a) and inserting in lieu thereof "subsection (b) "; (C) by striking out ", and the tax imposed under subsection (c), " each place it appears in the subsection herein redesignated as subsection (c); and (D) by striking out "3 YEARS" in the heading to subsection (b) and inserting in lieu thereof "1 YEAR". (2) Executive Order 11198, issued February 10, 1965, shall not be affected by the amendments made by this section and shall continue to apply as though such amendments had not been made.
26 USC 4931.
30 F. R. 1929.
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