119th Congress Foreign Trade and International Finance
H.R. 591: Defending American Jobs and Investment Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill provides for the enforcement of remedies against foreign countries that have extraterritorial or discriminatory taxes.
Specifically, the bill requires the Department of the Treasury to periodically submit a report to Congress that lists each foreign country that has one or more extraterritorial or discriminatory taxes.
Treasury must commence enhanced bilateral engagement with each foreign country included in the report. This engagement must (1) express the concern of the United States with respect to the adverse trade and economic effects of tax policies that violate bilateral tax treaties and international tax norms, (2) urge the repeal of extraterritorial and discriminatory taxes that target U.S. persons, and (3) advise the foreign country of remedial actions (as outlined by this bill).
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The bill increases income tax and withholding tax rates on certain foreign citizens, corporations, and partnerships of any foreign country listed in Treasury's report.
The bill provides the executive branch with additional tools to enforce against extraterritorial and discriminatory taxes. These tools include
- authorizing the President to prohibit government contracting for or procurement of goods or services from a foreign country listed in Treasury's report,
- directing Treasury to consider these taxes in assessing whether to enter into or update a bilateral tax treaty with the foreign country, and
- requiring the Office of the U.S. Trade Representative and the Department of Commerce to consider these taxes in assessing whether to enter into any free trade agreement or executive agreement with the foreign country.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Jodey Arrington R-TXOriginal
- Vern Buchanan R-FLOriginal
- Aaron Bean R-FLOriginal
- Mike Carey R-OHOriginal
- Ron Estes R-KSOriginal
- Randy Feenstra R-IAOriginal
- Brian Fitzpatrick R-PAOriginal
- Michelle Fischbach R-MNOriginal
- Kevin Hern R-OKOriginal
- Mike Kelly R-PAOriginal
- David Kustoff R-TNOriginal
- Darin LaHood R-ILOriginal
- Nicole Malliotakis R-NYOriginal
- Carol Miller R-WVOriginal
- Gregory Murphy R-NCOriginal
- Blake Moore R-UTOriginal
- Max Miller R-OHOriginal
- Nathaniel Moran R-TXOriginal
- Adrian Smith R-NEOriginal
- David Schweikert R-AZOriginal
- Lloyd Smucker R-PAOriginal
- W. Steube R-FLOriginal
- Claudia Tenney R-NYOriginal
- Beth Van Duyne R-TXOriginal
- Rudy Yakym R-INOriginal
Who scored on this bill
- 1Jason Smith SponsorReached a cosponsor milestone, introduced2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Jason Smith
- H.R. 10357: Digital Asset Tax Certainty Act
- H.R. 6500: Continuing Appropriations and Extensions Act, 2027
- H.R. 9645: Health Care Price Certainty for All Americans Act
- H.R. 1156: Pandemic Unemployment Fraud Enforcement Act
- H.R. 33: To amend the Internal Revenue Code of 1986 to provide special rules for the taxation of certain residents of Taiwan with income from sources within the United States.
- H.R. 3797: Paperwork Burden Reduction Act
History
- Introduced in the House by Jason Smith.
Show the full action history (2 actions)
- Introduced in House
- Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.