International Competition for American Jobs Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1605 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1605 To amend the Internal Revenue Code of 1986 to modify certain provisions relating to the taxation of international entities. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 6, 2025 Mr. Tillis introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to modify certain provisions relating to the taxation of international entities. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE, ETC. (a) Short Title.--This Act may be cited as the ``International Competition for American Jobs Act''. (b) Amendment of 1986 Code.--Except as otherwise expressly provided, whenever in this Act an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or other provision, the reference shall be considered to be made …