definitions For purposes of paragraph (1): (A) Controlled by The term controlled by has the meaning given that term under section 230.405 of title 17, Code of Federal Regulations. (B) Country of concern The term country of concern means the People’s Republic of China (including Hong Kong and Macao and excluding Taiwan), Russia, Belarus, Iran, and North Korea. . (b) Dividends Section 1(h)(11)(C)(iii) of such Code is amended by striking and at the end of subclause (I), by striking the period at the end of subclause (II) and inserting , and , and by adding at the end the following new subclause: (III) any foreign corporation described in section 1261(b)(1)(A) as of the date on which the dividend is paid. . (c) Denial of step-Up in basis at death Section 1014(a) of such Code is amended by striking or at the end of paragraph (3), by striking the period at the end of paragraph (4) and inserting , or , and by adding at the end the following new paragraph: (5) in the case of specified country of concern property (as defined in section 1261(b)), the basis in the hands of the decedent. . (d) Notice to purchasers Not later than 180 days after the date of the enactment of this Act, the Securities and Exchange Commission shall issue rules requiring any person selling, exchanging, or otherwise disposing of a security that is specified country of concern property (as defined under section 1261(b) of the Internal Revenue Code of 1986) to notify the other party to such sale, exchange, or disposition that any gains related to such security are treated as ordinary income under the Internal Revenue Code of 1986 and not treated as capital gains. (e) Publicly available list of securities (1) In general The Securities and Exchange Commission shall publish on the website of the Commission a list of all securities described under section 1261(b)(1)(A) of the Internal Revenue Code of 1986. (2) Reporting requirements The Securities and Exchange Commission may require such reports as the Commission determines necessary to determine which