# 119-s-1605: International Competition for American Jobs Act

119-s-1605, International Competition for American Jobs Act, is a 119th Congress bill sponsored by Sen. Tillis, Thomas [R-NC] (R-NC); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-1605
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1605
- Congress: 119
- Title: International Competition for American Jobs Act
- Status: introduced
- Introduced: 2025-05-06
- Sponsor: Sen. Tillis, Thomas [R-NC] (R-NC)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Recalibrates international tax rules for U.S. multinationals.** This bill would rewrite how cross‑border income is measured and taxed across GILTI, FDII, Subpart F, the foreign tax credit, BEAT, and related mechanics.

## Provisions PRIA read

- Lower BEAT exposure for multinationals: benefit, high. If enacted, the bill would change the base erosion and anti-abuse tax (BEAT). The BEAT minimum would be based on the taxpayer's regular tax. Companies could use general business credits against the BEAT. Payments to related foreign parties taxed at at least 18.9% would not count as base erosion pay…
- Special rule for CFC intangible payouts: benefit, medium. If enacted, the bill would create a special rule for certain intangible property distributions from a controlled foreign corporation (CFC) to a U.S. corporate shareholder. If the CFC distributes the intangible before the end of its third tax year beginning after December 31, 2025, the fair market v…
- New international corporate tax formula: mixed, high. If enacted, this bill would change how U.S. corporations are allowed to deduct and report foreign income. It would replace the current deduction with one equal to 37.5% of foreign-derived deduction eligible income plus 50% of GILTI and the related section 78 amount. It would also change how GILTI i…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-1541: SHIPS for America Act of 2025
- 119-s-4498: ABLE Tomorrow Act
- 119-s-2438: Transformation to Competitive Integrated Employment Act
- 119-s-1748: Kids Online Safety Act
- 119-s-1949: Combating Violent and Dangerous Crime Act

## Sources
- [119-s-1605 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1605)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-4498: ABLE Tomorrow Act](https://policyrisk.com/legislation/119-s-4498)
- [119-s-2438: Transformation to Competitive Integrated Employment Act](https://policyrisk.com/legislation/119-s-2438)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-1949: Combating Violent and Dangerous Crime Act](https://policyrisk.com/legislation/119-s-1949)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1605 (as of 2025-12-21).