# 118-hr-8895: To amend the Internal Revenue Code of 1986 to provide that certain payments to foreign related parties subject to sufficient foreign tax are not treated as base erosion payments.

118-hr-8895, To amend the Internal Revenue Code of 1986 to provide that certain payments to foreign related parties subject to sufficient foreign tax are not treated as base erosion payments., is a 118th Congress bill sponsored by Sen. Kim, Andy [D-NJ] (D-NJ); status Referred to the House Committee on Ways and Means. (as of 2026-10-15).

- Canonical: https://policyrisk.com/legislation/118-hr-8895
- As of: 2026-10-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 118-hr-8895
- Congress: 118
- Title: To amend the Internal Revenue Code of 1986 to provide that certain payments to foreign related parties subject to sufficient foreign tax are not treated as base erosion payments.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2024-06-28
- Sponsor: Sen. Kim, Andy [D-NJ] (D-NJ)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2026-10-15

## Summary

To amend the Internal Revenue Code of 1986 to provide that certain payments to foreign related parties subject to sufficient foreign tax are not treated as base erosion payments.

## Cosponsors (1)

- Rep. Suozzi, Thomas R. [D-NY-3] (D-NY), 2024-06-28T00:00:00.000Z

## Related bills

- 118-hr-7213: Autism CARES Act of 2024
- 118-hr-82: Social Security Fairness Act of 2023
- 118-hr-7438: FIFA World Cup 2026 Commemorative Coin Act
- 118-hres-1558: Original National Domestic Violence Awareness Month Resolution of 2024
- 118-hres-1537: Condemning the Hamas attacks of October 7, 2023, and calling for Hamas and its leaders to immediately and unconditionally surrender and to release the hostages…
- 118-hres-1487: Expressing support for the recognition of September 23, 2024, to September 29, 2024, as "Asian American and Native American Pacific Islander-Serving Institutio…

## Sources
- [118-hr-8895 on Congress.gov](https://www.congress.gov/bill/118th-congress/house-bill/8895)

## Related
- [118-hr-7213: Autism CARES Act of 2024](https://policyrisk.com/legislation/118-hr-7213)
- [118-hr-82: Social Security Fairness Act of 2023](https://policyrisk.com/legislation/118-hr-82)
- [118-hr-7438: FIFA World Cup 2026 Commemorative Coin Act](https://policyrisk.com/legislation/118-hr-7438)
- [118-hres-1558: Original National Domestic Violence Awareness Month Resolution of 2024](https://policyrisk.com/legislation/118-hres-1558)
- [118-hres-1537: Condemning the Hamas attacks of October 7, 2023, and calling for Hamas and its…](https://policyrisk.com/legislation/118-hres-1537)
- [118-hres-1487: Expressing support for the recognition of September 23, 2024, to September 29,…](https://policyrisk.com/legislation/118-hres-1487)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/118-hr-8895 (as of 2026-10-15).