the Internal Revenue Code of 1986 is amended by striking such country becomes and inserting the date on which the President reports to Congress that such country has been determined to be . (b) Effective date (1) In general Subject to paragraph (2), the amendment made by this section shall apply to any determination regarding whether a foreign country is described in subparagraph (A) of section 901(j)(2) of the Internal Revenue Code of 1986 which is made after the date of the enactment of this Act. (2) Nonapplication to countries subject to denial of foreign tax credit Nothing in this section, or the amendment made by this section, shall be construed to alter, amend, or otherwise affect the application of subsection (j) of section 901 of such Code to any country which has been determined to be a country described in paragraph (2)(A) of such subsection on or before the date of the enactment of this Act. 9. Effective date Except as provided in sections 6 and 8, this Act and the amendments made by this Act shall take effect 60 days after the date of the enactment of this Act.