A bill to amend the Internal Revenue Code to provide for a definition of adjusted gross income for purposes of the personal holding company tax.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to revise the definition of adjusted gross income for purposes of the personal holding company tax to include interest received by a broker or dealer in the ordinary course of its business in connection with: (1) financing for a customer secured by securities or money market instruments; and (2) securities or money market instruments held as inventory.…