arrow_back Back to App

Defending American Jobs and Investment: Countering Foreign Taxes

This act aims to protect American businesses and citizens from foreign taxes deemed unfair or discriminatory. It establishes mechanisms for reporting such taxes and enables retaliatory actions, such as increasing tax rates for foreign entities from countries imposing these taxes, which could impact the cost of doing business and investing in the U.S. for some foreign companies.
Key points
The U.S. government will regularly identify and list countries imposing "extraterritorial" or "discriminatory" taxes on U.S. entities.
Retaliatory measures, including gradual increases in tax rates for citizens and companies from listed countries operating in the U.S., may be applied.
The act also allows for restricting government procurement from companies in such countries and considering these taxes in trade and tax treaty negotiations.
The goal is to encourage other countries to repeal taxes that the U.S. considers harmful to its economic interests.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_3665
Sponsor: Rep. Smith, Jason [R-MO-8]
Process start date: 2023-05-25
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Defending American Jobs and Investment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3665.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-25.

What are the main provisions?

Key points include:

  • The U.S. government will regularly identify and list countries imposing "extraterritorial" or "discriminatory" taxes on U.S. entities.
  • Retaliatory measures, including gradual increases in tax rates for citizens and companies from listed countries operating in the U.S., may be applied.
  • The act also allows for restricting government procurement from companies in such countries and considering these taxes in trade and tax treaty negotiations.
  • The goal is to encourage other countries to repeal taxes that the U.S. considers harmful to its economic interests.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Smith, Jason [R-MO-8].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Economy