SecBot SecBot

Defending American Jobs and Investment Act

H.R. 591 Rep. Jason Smith (R-MO-8) In committee
Bill text PDF
  1. Introduced Jan 21
  2. Committee Jan 21
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Jan 21, 2025Next: House vote
644d ago Jan 21, 2025: 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.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
4companies, 13 filings
Subscribe to see spend
Member trades
11trades in the last 90 days
Subscribe to see who
Who the bill helps and hurts Subscribe

Companies lobbying on this bill

4 companies
Companies by sector
Medical Devices & Healthcare 2Biotech & Pharma 1Technology & Software 1
Search all 4 companies, their asks and price moves Subscribe

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 for 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 Office of 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, Jan 21, 2025

Summary versions
  • Introduced in HouseJan 21, 2025

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