The Committee on Foreign Relations, to which was referred the Convention between the Government of the United States of America and the Government of the Republic of Hungary for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income, signed on February 4, 2010, at Budapest,and a related agreement effected by an exchange of notes on February 4, 2010 (the ''Convention'') (Treaty Doc. 111-7), having considered the same, reports favorably thereon with one declaration,as indicated in the resolution of advice and consent, and recommends that the Senate give its advice and consent to ratification thereof, as set forth in this report and the accompanying resolution of advice and consent.