; and (iii) the term foreign public accounting firm has the meaning given the term in section 106(g) of the Sarbanes-Oxley Act of 2002 ( 15 U.S.C. 7216(g) ). . (b) Rules (1) Proposals Not later than 90 days after the date of enactment of this Act, each national securities exchange shall file with the Commission any proposed change to the rules of the exchange that is required as a result of the amendments made by this section. (2) Adoption Not later than 1 year after the date of enactment of this Act, each national securities exchange shall have each proposed change described in paragraph (1) approved by the Commission. 3. Expensing of costs directly connected with moving manufacturing from China to the United States (a) In general Part VI of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 179E the following new section: 179F. Election to expense certain assets directly connected to moving manufacturing from China to the United States (a) In general A specified taxpayer may elect to treat amounts paid or incurred for repatriation property as an expense which is not chargeable to capital account. Any cost so treated shall be allowed as a deduction for the taxable year in which such repatriation property is placed in service. (b) Specified taxpayer For purposes of this section, the term specified taxpayer means any taxpayer engaged in the trade or business of manufacturing any product if— (1) as of the date of the enactment of this section, such taxpayer manufactured such product in China, and (2) as of the date which is 3 years after the date that the repatriation property is placed in service— (A) such taxpayer does not manufacture such product in China, and (B) the quantity of such product manufactured in the United States by such taxpayer has increased (relative to such quantity determined as of the date of the enactment of this section) by an amount not less than the quantity of such product manufactured in China as of the date of the enactment of this