# 114-hr-4377: American Business Competitiveness Act of 2015

114-hr-4377, American Business Competitiveness Act of 2015, is a 114th Congress bill sponsored by Rep. Nunes, Devin [R-CA-22] (R-CA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-4377
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-4377
- Congress: 114
- Title: American Business Competitiveness Act of 2015
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2016-01-13
- Sponsor: Rep. Nunes, Devin [R-CA-22] (R-CA)
- Cosponsors: 29
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

American Business Competitiveness Act of 2015 This bill amends the Internal Revenue Code to: reduce the tax rate on the net business income of individual and corporate taxpayers to a maximum 25%; allow full expensing of deductible investment expenses in the current taxable year; redefine "net business income" to allow the deduction of the cost of business purchases; convert to a territorial system for taxing overseas income; apply the same tax rate to interest income of individuals that is applicable to dividends and capital gains income; and allow a five-year carryback of net operating losses and an indefinite carryforward of such losses.

## Cosponsors (29)

- PATRICK TIBERI (R-OH), 2016-01-13T00:00:00.000Z
- Rep. Boustany, Charles W., Jr. [R-LA-3] (R-LA), 2016-01-13T00:00:00.000Z
- Rep. Marchant, Kenny [R-TX-24] (R-TX), 2016-01-13T00:00:00.000Z
- Rep. Holding, George [R-NC-2] (R-NC), 2016-01-13T00:00:00.000Z
- Rep. Pittenger, Robert [R-NC-9] (R-NC), 2016-01-13T00:00:00.000Z
- Rep. Palmer, Gary J. [R-AL-6] (R-AL), 2016-01-13T00:00:00.000Z
- Rep. Russell, Steve [R-OK-5] (R-OK), 2016-01-13T00:00:00.000Z
- Rep. Simpson, Michael K. [R-ID-2] (R-ID), 2016-01-13T00:00:00.000Z
- Rep. Franks, Trent [R-AZ-8] (R-AZ), 2016-01-13T00:00:00.000Z
- Rep. Stewart, Chris [R-UT-2] (R-UT), 2016-01-13T00:00:00.000Z
- Rep. Calvert, Ken [R-CA-41] (R-CA), 2016-01-13T00:00:00.000Z
- Rep. Knight, Stephen [R-CA-25] (R-CA), 2016-01-13T00:00:00.000Z
- Rep. Walters, Mimi [R-CA-45] (R-CA), 2016-01-13T00:00:00.000Z
- Rep. Valadao, David G. [R-CA-22] (R-CA), 2016-01-13T00:00:00.000Z
- Rep. Issa, Darrell [R-CA-48] (R-CA), 2016-01-13T00:00:00.000Z
- Rep. Amodei, Mark E. [R-NV-2] (R-NV), 2016-01-13T00:00:00.000Z
- Rep. Yoho, Ted S. [R-FL-3] (R-FL), 2016-01-13T00:00:00.000Z
- Rep. Hardy, Cresent [R-NV-4] (R-NV), 2016-01-13T00:00:00.000Z
- Rep. Cole, Tom [R-OK-4] (R-OK), 2016-01-13T00:00:00.000Z
- Rep. Pompeo, Mike [R-KS-4] (R-KS), 2016-01-13T00:00:00.000Z
- Rep. Roe, David P. [R-TN-1] (R-TN), 2016-01-13T00:00:00.000Z
- Rep. Fleischmann, Charles J. "Chuck" [R-TN-3] (R-TN), 2016-01-13T00:00:00.000Z
- Rep. Emmer, Tom [R-MN-6] (R-MN), 2016-01-13T00:00:00.000Z
- Rep. Long, Billy [R-MO-7] (R-MO), 2016-01-13T00:00:00.000Z
- Rep. Brat, Dave [R-VA-7] (R-VA), 2016-01-13T00:00:00.000Z
- Rep. Rouzer, David [R-NC-7] (R-NC), 2016-01-13T00:00:00.000Z
- Rep. Ribble, Reid J. [R-WI-8] (R-WI), 2016-01-28T00:00:00.000Z
- Rep. Sensenbrenner, F. James, Jr. [R-WI-5] (R-WI), 2016-02-11T00:00:00.000Z
- Rep. Mulvaney, Mick [R-SC-5] (R-SC), 2016-02-23T00:00:00.000Z

## Related bills

- 114-hr-160: Protect Medical Innovation Act of 2015
- 114-hr-1624: Protecting Affordable Coverage for Employees Act
- 114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015
- 114-hr-36: Pain-Capable Unborn Child Protection Act
- 114-hr-4773: Protecting Workplace Advancement and Opportunity Act
- 114-hr-2726: Apollo 11 50th Anniversary Commemorative Coin Act

## Sources
- [114-hr-4377 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/4377)

## Related
- [114-hr-160: Protect Medical Innovation Act of 2015](https://policyrisk.com/legislation/114-hr-160)
- [114-hr-1624: Protecting Affordable Coverage for Employees Act](https://policyrisk.com/legislation/114-hr-1624)
- [114-hr-1190: Protecting Seniors' Access to Medicare Act of 2015](https://policyrisk.com/legislation/114-hr-1190)
- [114-hr-36: Pain-Capable Unborn Child Protection Act](https://policyrisk.com/legislation/114-hr-36)
- [114-hr-4773: Protecting Workplace Advancement and Opportunity Act](https://policyrisk.com/legislation/114-hr-4773)
- [114-hr-2726: Apollo 11 50th Anniversary Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-2726)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-4377 (as of 2025-11-18).