# 119-hr-1062: Growing and Preserving Innovation in America Act of 2025

119-hr-1062, Growing and Preserving Innovation in America Act of 2025, is a 119th Congress bill sponsored by Rep. Feenstra, Randy [R-IA-4] (R-IA); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1062
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1062
- Congress: 119
- Title: Growing and Preserving Innovation in America Act of 2025
- Status: introduced
- Introduced: 2025-02-06
- Sponsor: Rep. Feenstra, Randy [R-IA-4] (R-IA)
- Cosponsors: 7
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Sets the FDII deduction calculation at a 37.5% rate.** This bill would change how the tax code computes the foreign-derived intangible income deduction by replacing the prior rate with 37.5 percent, effective on enactment. - U.S. companies with foreign-derived intangible income, mainly exporters of intellectual property and services, would compute their FDII deduction using **37.5% instead of 50%**, altering the amount deductible from their taxable income. - Corporate tax departments and tax advisers would need to update calculations and tax filings to reflect the new 37.5% substitution immediately after enactment.

## Cosponsors (7)

- Rep. Morelle, Joseph D. [D-NY-25] (D-NY), 2025-02-06T00:00:00.000Z
- Rep. Buchanan, Vern [R-FL-16] (R-FL), 2025-02-21T00:00:00.000Z
- Rep. Estes, Ron [R-KS-4] (R-KS), 2025-02-21T00:00:00.000Z
- Rep. Tenney, Claudia [R-NY-24] (R-NY), 2025-02-21T00:00:00.000Z
- Rep. Miller, Max L. [R-OH-7] (R-OH), 2025-02-21T00:00:00.000Z
- Rep. Smucker, Lloyd [R-PA-11] (R-PA), 2025-03-11T00:00:00.000Z
- Rep. Jack, Brian [R-GA-3] (R-GA), 2025-04-17T00:00:00.000Z

## Provisions PRIA read

- Smaller tax break on foreign income for corporations: cost, high. If enacted, U.S. corporations that claim the foreign-derived intangible income (FDII) deduction would get a smaller write-off. The bill would use 37.5% instead of 50% in the FDII calculation. This would raise taxable income and taxes for those companies. Roughly, tax would rise by 12.5% of the FDII…

## Related bills

- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-1628: 761st Tank Battalion Congressional Gold Medal Act
- 119-hr-452: Miracle on Ice Congressional Gold Medal Act
- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-2547: Secure Family Futures Act of 2025

## Sources
- [119-hr-1062 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1062)

## Related
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-1628: 761st Tank Battalion Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-1628)
- [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452)
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-2547: Secure Family Futures Act of 2025](https://policyrisk.com/legislation/119-hr-2547)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1062 (as of 2026-04-21).