Bill

Bill > HR4278


US HR4278

US HR4278
Protect U.S. Companies from Foreign Regulatory Taxation Act


summary

Introduced
07/02/2025
In Committee
07/02/2025
Crossed Over
Passed
Dead

Introduced Session

119th Congress

Bill Summary

A BILL To improve protections with respect to foreign regulation for certain entities integral to the national interests of the United States, and for other purposes.

AI Summary

This bill aims to protect U.S. companies, particularly those in the digital sector, from foreign regulatory actions that could harm their business operations. Specifically, the bill prohibits U.S. federal and state courts from recognizing or enforcing judgments from foreign governments against U.S. companies related to digital market regulations, unless Congress explicitly approves such actions. The bill grants the President broad authority to take actions protecting U.S. entities from adverse foreign regulatory actions, considering impacts on U.S. consumers, businesses, economic and technological security, and foreign relations. The legislation defines key terms such as "entity integral to the national interests of the United States" (which includes companies doing business with the federal government, organized under state laws, providing core platform services) and "foreign digital market regulation" (which encompasses requirements like forced data sharing, interoperability mandates, and restrictions on business operations). The bill is primarily targeted at regulations like the European Union's Digital Markets Act, which the legislation views as potentially threatening U.S. technology companies' competitive advantages. The underlying motivation is to preserve U.S. technological leadership, protect national security interests, and prevent foreign regulations from unreasonably hindering U.S. digital service companies' commercial activities.

Committee Categories

Justice

Sponsors (1)

Last Action

Referred to the House Committee on the Judiciary. (on 07/02/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...