Mr. Speaker. the U.S. Internal Revenue Code Imposes estate taxation on the worldwide assets of U.S. citizens and persons "resident (domiciled) In the United States. whether they hold a permanent resident visa or some other visa. It also imposes estate taxation on the U.S. assets (U.S. realty. tangible personalty located In the United States. debt and equity Investments In U.S. companies. but not life Insurance payments. Interational organization pensions. and most bank accounts) of nonresidents who are not citizens. The Technical and Miscellaneous Revenue Act of 1988 [TAMRAenacted November 1988now severely and unduly burdens certain Intemational organization staff and the organizations themselves.