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HR4278119th Congress

Protect U.S. Companies from Foreign Regulatory Taxation Act

Sponsored By: Representative Fitzgerald, Scott [R-WI-5]

Introduced

Summary

This bill would _shield U.S. digital platform companies from foreign digital market rules_ by blocking enforcement of certain foreign judgments and giving the President tools to protect covered firms. It targets firms tied to national interests and responds to foreign laws like the EU Digital Markets Act that the bill sees as threatening U.S. tech leadership and jobs.

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  • Covered companies: Entities that provide a "core platform service," are organized under U.S. state law, and do business with the federal government could not have foreign judgments tied to specified foreign digital market regulations recognized or enforced in the United States unless Congress says otherwise.
  • Federal authority: The President would be authorized to take actions in the public interest to protect these entities from adverse foreign court or agency actions. The bill lists factors the President must consider, including effects on U.S. consumers, U.S. businesses, economic and technological security, and foreign relations.
  • Scope of protected rules: "Foreign digital market regulation" is defined to include requirements for interoperability, forced disclosure of information protected under U.S. law, restrictions on U.S.-collected personal data, forced sharing of sensitive data, measures that promote rivals, data portability or pricing limits, and rules that could force platforms to stop ordinary operations.

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Who counts as a protected company

The bill would set who counts as a protected company and which foreign rules trigger protection. It would use the EU Digital Markets Act to define core platform services. Triggers would include forced interoperability, forced sharing of protected data, and rules that boost rivals or limit pricing and marketing. It would exclude foreign rules that are like a U.S. law passed by Congress. A company could qualify by meeting set criteria or by Presidential designation.

Shield U.S. tech firms from foreign rulings

The bill would block U.S. courts and agencies from enforcing some foreign rulings against certain U.S. companies. It would apply when the ruling comes from a foreign digital market rule. Congress could still allow enforcement if it passes a law. The President would be able to act to protect covered companies from harmful foreign actions. The President would weigh effects on U.S. consumers, businesses, tech security, and foreign relations.

Sponsors & CoSponsors

Sponsor

Fitzgerald, Scott [R-WI-5]

WI • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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