# Prop. Treas. Reg. § 1.1298-3: [Amended]

Proposed regulation, not in force. REG-101828-19, 87 FR 3890, published 2022-01-25 <https://www.federalregister.gov/documents/2022/01/25/2022-00067/guidance-on-passive-foreign-investment-companies-and-controlled-foreign-corporations-held-by>. Interprets 26 U.S.C. § 1298.

5. Adding a sectional authority for § 1.1298-3 in numerical order.

Par. 15. Section 1.1298-3 is amended by removing the language “the post-1986 undistributed earnings, within the meaning of section 902(c)(1) (determined without regard to section 902(c)(3))” in paragraph (c)(3)(i) and adding “the amount of the earnings and profits of the foreign corporation (computed in accordance with sections 964(a) and 986)” in its place.