HR. 591In Committee
Defending American Jobs and Investment Act
Requires federal action against foreign countries that impose extraterritorial or discriminatory taxes targeting U.S. persons through reporting, diplomatic engagement, and tax and trade remedies
Plain-English overview
What this bill does
Requires federal action against foreign countries that impose extraterritorial or discriminatory taxes targeting U.S. persons through reporting, diplomatic engagement, and tax and trade remedies
Key points
- Require Treasury country reports
- Authorize procurement restrictions
- Direct bilateral tax engagement
- Increase tax rates
Current status
Where it stands
Status
In Committee
Latest action
2025-01-21 — 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.
Related context
Topics and policy areas
undefinedCapital gains taxCongressional oversightCongressional-executive branch relationsEmployment taxesForeign and international corporationsForeign Trade and International FinanceIncome tax rates