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.

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.