To provide an enforcement of remedies against the extraterritorial taxes and discriminatory taxes of foreign countries.

Hozzl · 2025-02-04T16:54:13Z

Explore the details of House Bill 591 To provide an enforcement of remedies against the extraterritorial taxes and discriminatory taxes of foreign countries. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/4/2025, 4:54 PM

Summary of Bill HR 591

Bill 119 HR 591, also known as the "Enforcement of Remedies Against Extraterritorial Taxes and Discriminatory Taxes Act," aims to address the issue of foreign countries imposing unfair taxes on American businesses operating overseas. The bill seeks to provide a mechanism for the United States to enforce remedies against these extraterritorial and discriminatory taxes.

The bill outlines that if a foreign country imposes taxes on American businesses that are deemed to be extraterritorial or discriminatory in nature, the US government can take action to protect the interests of American companies. This could include imposing tariffs or other trade restrictions on the offending country.

The bill also establishes a process for American businesses to seek relief from these unfair taxes through the US government. This process would involve filing a complaint with the appropriate authorities and providing evidence of the extraterritorial or discriminatory nature of the taxes. Overall, Bill 119 HR 591 aims to protect American businesses from unfair taxation practices by foreign countries and provide a mechanism for the US government to enforce remedies against these practices. It is designed to ensure a level playing field for American companies operating overseas and promote fair and equitable trade practices.

Current Status of Bill HR 591

Bill HR 591 is currently in the status of Bill Introduced since January 21, 2025. Bill HR 591 was introduced during Congress 119 and was introduced to the House on January 21, 2025. Bill HR 591's most recent activity was 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. as of January 21, 2025

Bipartisan Support of Bill HR 591

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Policy Area and Potential Impact of Bill HR 591

Primary Policy Focus

Alternate Title(s) of Bill HR 591

To provide an enforcement of remedies against the extraterritorial taxes and discriminatory taxes of foreign countries.To provide an enforcement of remedies against the extraterritorial taxes and discriminatory taxes of foreign countries.

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