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119th CongressH. R. 1062

Introduced in House

Growing and Preserving Innovation in America Act of 2025

SEC. 1. SHORT TITLETrack this section →

This Act may be cited as the Growing and Preserving Innovation in America Act of 2025.

SEC. 2. REPEAL OF SCHEDULED REDUCTION IN THE DEDUCTION FOR FOREIGN-DERIVED INTANGIBLE INCOMETrack this section →

(a) In general Section 250(a)(3) of the Internal Revenue Code of 1986 is amended by striking paragraph (1) and all that follows and inserting paragraph (1)(B) shall be applied by substituting 37.5 percent for 50 percent.. (b) Effective date The amendment made by this section shall take effect on the date of the enactment of this Act.

•HR 1062 IHText from GovInfo