Latest action: Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Establishes international profit-sharing requirements for U.S. corporations operating abroad.
The problem
U.S. companies may shift profits overseas to lower-tax countries, reducing domestic tax revenue and creating unfair competition between domestic and international businesses.
The proposal
The bill requires American corporations to report foreign profits and establishes minimum tax standards for earnings made outside the United States.
The impact
Large corporations, international businesses, and the federal government are affected through new reporting requirements and potential tax changes on foreign earnings.
The bill could raise federal tax revenue by preventing profit-shifting strategies. This money could fund domestic programs and reduce the deficit.
Domestic-only businesses would compete more fairly against multinational corporations. Both would face similar tax obligations on their earnings.
The bill aligns with global efforts by other countries to prevent profit shifting. This creates more consistent international tax rules.
Companies may face higher compliance costs from new reporting requirements. Some businesses might pass these costs to consumers through higher prices.
U.S. corporations might become less competitive globally if other countries don't enforce similar rules. This could hurt American businesses abroad.
Companies might move operations or jobs overseas to avoid stricter taxation. This could reduce domestic employment in some sectors.
Small and mid-sized companies may struggle with complex new reporting requirements. This disproportionately affects businesses lacking large tax departments.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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