; and (ii) by striking subsection (a) and (b) of section 245, and 250 and inserting and subsection (a) and (b) of section 245 . (D) Section 469(i)(3)(F)(iii) is amended by striking 222, and 250 and inserting and 222 . (c) Net CFC tested income determined without regard to high tax foreign income Section 951A(c)(2)(A)(i) is amended by redesignating subclauses (IV) and (V) as subclauses (V) and (VI), respectively, and by inserting after subclause (III) the following new subclause: (IV) any item of income subject to an effective rate of income tax imposed by a foreign country greater than the maximum rate of tax specified in section 11, . (d) Repeal of exclusion of foreign oil and gas extraction income from the determination of tested income Section 951A(c)(2)(A)(i), as amended by subsection (c) is amended— (1) by adding and at the end of subclause (IV); (2) by striking and at the end of subclause (V) and inserting over