‘‘(C) the amount entitled to be received for 
each such month, and 
‘‘(D) such other information as the Sec-
retary may prescribe. 
‘‘(c) STATEMENTS TO BE FURNISHED TO INDIVID-
UALS WITH RESPECT TO WHOM INFORMATION IS RE-
QUIRED.—Every person required to make a return under 
subsection (a) shall furnish to each individual whose name 
is required to be set forth in such return a written state-
ment showing— 
‘‘(1) the name and address of the person re-
quired to make such return and the phone number 
of the information contact for such person, and 
‘‘(2) the information required to be shown on 
the return with respect to such individual. 
The written statement required under the preceding sen-
tence shall be furnished on or before January 31 of the 
year following the calendar year for which the return 
under subsection (a) is required to be made.’’. 
(2) ASSESSABLE PENALTIES.— 
(A) 
Subparagraph 
(B) 
of 
section 
6724(d)(1) of such Code (relating to defini-
tions) is amended by striking ‘‘or’’ at the end 
of clause (xix), by striking ‘‘and’’ at the end of 
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clause (xx) and inserting ‘‘or’’, and by inserting 
after clause (xx) the following new clause: 
‘‘(xxi) section 6050W (relating to re-
turns relating to credit for health insur-
ance for qualifying children), and’’. 
(B) Paragraph (2) of section 6724(d) of 
such Code is amended by striking ‘‘or’’ at the 
end of subparagraph (BB), by striking the pe-
riod at the end of subparagraph (CC) and in-
serting ‘‘, or’’, and by adding after subpara-
graph (CC) the following new subparagraph: 
‘‘(DD) section 6050W (relating to returns 
relating to credit for health insurance for quali-
fying children).’’. 
(e) CONFORMING AMENDMENTS.— 
(1) Paragraph (2) of section 1324(b) of title 
31, United States Code, is amended by inserting ‘‘or 
36’’ after ‘‘section 35’’. 
(2) The table of sections for subpart C of part 
IV of subchapter A of chapter 1 of the Internal Rev-
enue Code of 1986 is amended by redesignating the 
item relating to section 36 as an item relating to 
section 37 and by inserting after the item relating 
to section 35 the following new item: 
‘‘Sec. 36. Health insurance for qualifying children.’’. 
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(3) The table of sections for subpart B of part 
III of subchapter A of chapter 61 of such Code is 
amended by adding at the end the following new 
item: 
‘‘Sec. 6050W. Returns relating to credit for health insurance for qualifying 
children.’’. 
(4) The table of sections for chapter 77 of such 
Code is amended by adding at the end the following 
new item: 
‘‘Sec. 7529. Advance payment of credit for health insurance of qualifying chil-
dren.’’. 
(f) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2008. 
(g) REIMBURSEMENT FOR ADMINISTRATIVE COSTS 
INCURRED IN DETERMINING ELIGIBILITY FOR CREDIT.— 
(1) IN GENERAL.—The Secretary of Health and 
Human Services shall reimburse States for all rea-
sonable administrative costs incurred in making eli-
gibility determinations in accordance with section 36 
of the Internal Revenue Code of 1986 (as added by 
subsection (a)). Such reimbursement shall not apply 
to State costs incurred under the State children’s 
health insurance programs or Medicaid. 
(2) APPROPRIATION.—Out of any money in the 
Treasury of the United States not otherwise appro-
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priated, there are appropriated such sums as may be 
necessary to carry out this subsection. 
TITLE IV—BROKER REPORTING 
OF CUSTOMER’S BASIS IN SE-
CURITIES TRANSACTIONS 
SEC. 401. BROKER REPORTING OF CUSTOMER’S BASIS IN 
SECURITIES TRANSACTIONS. 
(a) IN GENERAL.—Section 6045 of the Internal Rev-
enue Code of 1986 (relating to returns of brokers) is 
amended by adding at the end the following new sub-
section: 
‘‘(g) ADDITIONAL INFORMATION REQUIRED IN THE 
CASE OF SECURITIES TRANSACTIONS.— 
‘‘(1) IN GENERAL.—If a broker is otherwise re-
quired to make a return under subsection (a) with 
respect to any applicable security, the broker shall 
include in such return the information described in 
paragraph (2). 
‘‘(2) ADDITIONAL INFORMATION REQUIRED.— 
‘‘(A) IN GENERAL.—The information re-
quired under paragraph (1) to be shown on a 
return with respect to an applicable security of 
a customer shall include for each reported ap-
plicable security the customer’s adjusted basis 
in such security. 
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‘‘(B) EXEMPTION FROM REQUIREMENT.— 
The Secretary shall issue such regulations or 
guidance as necessary concerning the applica-
tion of the requirement under subparagraph (A) 
in cases in which a broker in making a return 
does not have sufficient information to meet 
such requirement with respect to the reported 
applicable security. Such regulations or guid-
ance may— 
‘‘(i) require such other information re-
lated to such adjusted basis as the Sec-
retary may prescribe, and 
‘‘(ii) exempt classes of cases in which 
the broker does not have sufficient infor-
mation to meet either the requirement 
under subparagraph (A) or the require-
ment under clause (i). 
‘‘(3) INFORMATION TRANSFERS.—To the extent 
provided in regulations, there shall be such ex-
changes of information between brokers as such reg-
ulations may require for purposes of enabling such 
brokers to meet the requirements of this subsection. 
‘‘(4) DEFINITIONS.—For purposes of this sub-
section, the term ‘applicable security’ means any— 
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‘‘(A) security described in subparagraph 
(A) or (C) of section 475(c)(2), 
‘‘(B) interest in a regulated investment 
company (as defined in section 851), or 
‘‘(C) other financial instrument designated 
in regulations prescribed by the Secretary.’’. 
(b) EFFECTIVE DATE.—The amendment made by 
this section shall apply to returns the due date for which 
(determined without regard to extensions) is after Decem-
ber 31, 2009, with respect to securities acquired after De-
cember 31, 2008. 
Æ 
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