described in section 955(a)(1) . (13) Section 958(b) is amended— (A) by striking 956(c)(2), before and 957 , (B) by striking to treat the stock of a domestic corporation as owned by a United States shareholder of the controlled foreign corporation for purposes of section 956(c)(2), , and (C) by striking the last sentence. (14) Section 964(b) is amended by striking sections 952, 955, and 956 and inserting section 952 . (15) Section 964(e)(2) is amended by striking 954(c)(3)(A) and inserting 954(a)(3)(A) . (16) (A) Part III of subchapter N of chapter 1 is amended by striking subpart G. (B) Section 865(e)(2)(A) is amended by striking the last sentence. (C) The table of subparts for part III of subchapter N of chapter 1 is amended by striking the item relating to subpart G. (17) Section 999(c) is amended— (A) by striking , 952(a)(3) in paragraph (1), and (B) by striking , the addition to subpart F income under section 952(a)(3), in paragraph (2). (18) Section 1296(f)(2) is amended— (A) by striking foreign personal holding company income described in section 954(c)(1)(A) in subparagraph (A) and inserting passive income (as defined in section 954(a)) , and (B) by striking foreign personal holding company income so described in subparagraph (B) and inserting such passive income . (19) Section 1297(b) is amended to read as follows: (b) Passive income (1) In general Except as provided in paragraph (2), the term passive income means any income received or accrued by any foreign corporation which is of a kind which would be passive income as defined in section 954 if the foreign corporation were a controlled foreign corporation. (2) Exception Except as provided in regulations, the term passive income does not include any income which is interest, a dividend, or a rent or royalty, which is received or accrued from a related person (within the meaning of section 954(b)) to the extent that such amount is properly allocable (under regulations prescribed by the Secretary) to income of such related person which is not passive