HR 3665 · 118th Congress 2023–2025, ended

Defending American Jobs and Investment Act

Introduced May 25, 2023 Originated House Sponsor Jason Smith R-MO

Fact sheet Spreadsheet

Latest action · 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.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMay 25, 2023
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Defending American Jobs and Investment Act

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.

Cosponsors 24

Members who signed on, in the order they did. All signed on May 25, 2023.

SeatCosponsorSigned on
R-GAA. Drew Ferguson IVOriginalMay 25, 2023
R-NEAdrian SmithOriginalMay 25, 2023
R-TXBeth Van DuyneOriginalMay 25, 2023
R-UTBlake D. MooreOriginalMay 25, 2023
R-OHBrad R. WenstrupOriginalMay 25, 2023
R-PABrian K. FitzpatrickOriginalMay 25, 2023
R-WVCarol D. MillerOriginalMay 25, 2023
R-NYClaudia TenneyOriginalMay 25, 2023
R-ILDarin LaHoodOriginalMay 25, 2023
R-TNDavid KustoffOriginalMay 25, 2023
R-AZDavid SchweikertOriginalMay 25, 2023
R-NCGregory F. MurphyOriginalMay 25, 2023
R-TXJodey C. ArringtonOriginalMay 25, 2023
R-OKKevin HernOriginalMay 25, 2023
R-PALloyd SmuckerOriginalMay 25, 2023
R-MNMichelle FischbachOriginalMay 25, 2023
R-CAMichelle SteelOriginalMay 25, 2023
R-OHMike CareyOriginalMay 25, 2023
R-PAMike KellyOriginalMay 25, 2023
R-NYNicole MalliotakisOriginalMay 25, 2023
R-IARandy FeenstraOriginalMay 25, 2023
R-KSRon EstesOriginalMay 25, 2023
R-FLVern BuchananOriginalMay 25, 2023
R-FLW. Gregory SteubeOriginalMay 25, 2023

Committees 2

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred May 25, 2023
HouseOversight and Government Reform Committee
Referred May 25, 2023

Actions 2

Everything that happened, newest first.

  1. May 25, 2023Introduced in House
  2. May 25, 2023Referred 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.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

CRS reports 2

Congressional Research Service work that CRS links to this bill or the law it became, newest first.

Cite it 2

Products on other subjects that cite it, usually among other measures.

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To provide an enforcement of remedies against the extraterritorial taxes and discriminatory taxes of foreign countries.
Short Title(s) as Introduced
Defending American Jobs and Investment Act

Subjects

Assigned by the Library of Congress. Policy area: Foreign Trade and International Finance.

Text 1

Each version as it was printed, newest first.

  1. May 25, 2023Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.