Protecting US Digital Companies from Foreign Regulations and Taxation
This act aims to protect US companies, especially those in the digital and AI sectors, from foreign regulations that could hinder their operations. This means foreign court judgments against these companies will not be recognized in the US, and the President will gain powers to defend them. The goal is to support innovation and competitiveness of American technologies globally, which may affect the availability and quality of digital services for citizens.
Key points
US courts and agencies will not recognize or enforce foreign judgments against US digital companies if those judgments stem from foreign digital market regulations.
The US President gains authority to take actions in the public interest to protect key American companies from adverse effects of foreign digital regulations.
The act aims to strengthen the position of US technology companies globally, which could lead to economic stability and innovation growth, impacting the job market and access to modern services.
Introduced
Additional Information
Print number: 119_HR_4278
Sponsor: Rep. Fitzgerald, Scott [R-WI-5]
Process start date: 2025-07-02