SECTION 6. CFC GROUP ELECTION

A taxpayer that is a designated U.S. person may revoke or make a CFC group election without regard to the 60-month limitation of § 1.163(j)-7(e)(5)(ii) for the first specified period of a specified group beginning after December 31, 2024. A taxpayer that chooses to revoke the election or make a new election under this section 6 must follow all procedures specified in § 1.163(j)-7(e)(5) other than the 60-month limitation of § 1.163(j)-7(e)(5) (ii). In addition, the 60-month limitation applies to subsequent specified periods. Thus, for example, if a CFC group election is revoked (or made) under this section 6 for a specified period ending on December 31, 2025, a new CFC group election cannot be made (or revoked) with respect to any specified period beginning before December 31, 2030.