# Prop. Treas. Reg. § 1.1297-3: Deemed sale election by a United States person that is a  shareholder of a passive foreign investment company.

Proposed regulation, not in force. REG-115795-97, 63 FR 39, published 1998-01-02 <https://www.federalregister.gov/documents/1998/01/02/97-33984/general-rules-for-making-and-maintaining-qualified-electing-fund-elections>. Interprets 26 U.S.C. § 1297.

Par. 6. In Sec. 1.1297-3, paragraph (c) is added to read as follows:

[The text of this proposed paragraph (c) is the same as the text of Sec. 1.1297-3T(c) published elsewhere in this issue of the Federal Register.]