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Defending American Jobs and Investment Act

H.R. 3665 Rep. Jason Smith (R-MO-8) In committee
Bill text PDF
  1. Introduced May 25
  2. Committee May 25
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, May 25, 2023Next: House vote
1252d ago May 25, 2023: Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Accountability, 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.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
5companies, 5 filings
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27trades in the last 90 days
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Companies lobbying on this bill

5 companies
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Medical Devices & Healthcare 2Technology & Software 2Biotech & Pharma 1
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Summary

Defending American Jobs and Investment Act

Full summary8 paragraphs

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).

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 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 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.

Library of Congress summary, May 25, 2023

Summary versions
  • Introduced in HouseMay 25, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.