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company, an investment company (as defined in 
section 3 of the Investment Company Act of 
1940), or held in other pooled funds or trusts. 
‘‘(2) EXCEPTIONS.—Such term shall not in-
clude— 
‘‘(A) any amount with respect to which a 
report is made under section 6049, 
‘‘(B) any amount on deposit with or held 
by a natural person, 
‘‘(C) except to the extent provided in regula-
tions, any amount— 
‘‘(i) held with respect to a person de-
scribed in section 6049(b)(4), 
‘‘(ii) with respect to which section 
6049(b)(5) would apply if a payment were 
made with respect to such amount, or 
‘‘(iii) on deposit with or held by a per-
son described in section 6049(b)(2)(C), or 
‘‘(D) any amount for which the Secretary 
determines there is already sufficient reporting. 
‘‘(c) STATEMENTS TO BE FURNISHED TO PERSONS 
WITH RESPECT TO WHOM INFORMATION IS REQUIRED.— 
‘‘(1) IN
GENERAL.—Every person required to 
make a return under subsection (a) shall furnish to
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each person whose name is required to be set forth in 
such return a written statement showing— 
‘‘(A) the name, address, and phone number 
of the information contact of the person required 
to make such return, and 
‘‘(B) the reportable account with respect to 
which such return was made. 
‘‘(2) TIME
AND
FORM
OF
STATEMENT.—The 
written statement under paragraph (1)— 
‘‘(A) shall be furnished at a time and in a 
manner similar to the time and manner that 
statements are required to be filed under section 
6049(c)(2), and 
‘‘(B) shall be in such form as the Secretary 
may prescribe by regulations. 
‘‘(d) PERSON.—For purposes of this section, the term 
‘person’, when referring to the person for whom a deposit 
is held, includes any governmental unit and any agency 
or instrumentality thereof and any international organiza-
tion and any agency or instrumentality thereof.’’. 
(2) ASSESSABLE PENALTIES.— 
(A) FAILURE TO FILE RETURN.—Subpara-
graph (B) of section 6724(d)(1) of such Code is 
amended by striking ‘‘or’’ at the end of clause 
(xxiv), by striking ‘‘and’’ at the end of clause
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(xxv) and inserting ‘‘or’’, and by inserting after 
clause (xxv) the following new clause: 
‘‘(xxvi) section 6049A(a) (relating to 
returns regarding non-interest bearing de-
posits), and’’. 
(B) FAILURE
TO
FILE
PAYEE
STATE-
MENT.—Paragraph (2) of section 6724(d) of such 
Code is amended by striking ‘‘or’’ at the end of 
subparagraph (GG), by striking the period at the 
end of subparagraph (HH) and inserting ‘‘, or’’, 
and by inserting after subparagraph (HH) the 
following new subparagraph: 
‘‘(II) section 6049A(c) (relating to returns 
regarding non-interest bearing deposits).’’. 
(3) CLERICAL AMENDMENT.—The table of section 
for subpart B of part III of subchapter A of chapter 
61 of such Code is amended by inserting after the 
item relating to section 6049 the following new item: 
‘‘Sec. 6049A. Returns regarding non-interest bearing deposits.’’. 
(4) EFFECTIVE DATE.—The amendments made 
by this subsection shall apply to returns filed after 
December 31, 2015. 
Amend the title so as to read: ‘‘An Act to extend the 
African Growth and Opportunity Act, the Generalized
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System of Preferences, the preferential duty treatment 
program for Haiti, and for other purposes.’’. 
Attest: 
Secretary.