[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"current-user-roles":3,"user-subscription":3,"bill:119-hr-1062":4},null,{"bill":5,"indexable":161,"summaries":162,"cosponsors":168,"cosponsorSlugs":206,"actions":214,"amendments":233,"amendmentSponsorSlugs":234,"linkages":235,"sponsorSlug":236},{"statusDate":6,"sponsor":7,"updateDate":15,"cboCostEstimates":16,"originChamber":17,"congress":18,"isByRequest":19,"title":20,"createdAt":21,"committeeReports":22,"cosponsorCount":23,"onBehalfOfSponsor":3,"adminOverride":3,"amendmentCount":24,"actionCount":25,"popularTitle":3,"laws":3,"billType":26,"subjects":27,"introducedDate":6,"committees":28,"congressGovUrl":29,"constitutionalAuthority":30,"policyArea":31,"deletedAt":3,"latestAction":32,"billNumber":34,"cosponsorCountIncludingWithdrawn":23,"status":35,"shortTitle":20,"officialTitle":36,"keyMilestoneCount":37,"updatedAt":38,"policyAreaLower":39,"searchTokens":40,"committeeCodes":160},"2025-02-06",{"firstName":8,"lastName":9,"district":10,"fullName":11,"state":12,"party":13,"bioguideId":14},"Randy","Feenstra","4","Rep. Feenstra, Randy [R-IA-4]","IA","R","F000446","2026-03-02T14:03:58Z",[],"House",119,false,"Growing and Preserving Innovation in America Act of 2025","2026-05-11T15:25:42.926Z",[],7,0,3,"hr",[],[],"https:\u002F\u002Fwww.congress.gov\u002Fbill\u002F119th-congress\u002Fhouse-bill\u002F1062","\u003Cpre>\n[Congressional Record Volume 171, Number 25 (Thursday, February 6, 2025)]\n[House]\nFrom the Congressional Record Online through the Government Publishing Office [\u003Ca href=\"https:\u002F\u002Fwww.gpo.gov\">www.gpo.gov\u003C\u002Fa>]\nBy Mr. FEENSTRA:\nH.R. 1062.\nCongress has the power to enact this legislation pursuant\nto the following:\nArticle I, Section 8, clause 1 (Taxing and Spending Clause)\n[Page H556]\n\u003C\u002Fpre>","Taxation",{"date":6,"text":33},"Referred to the House Committee on Ways and Means.",1062,"in_committee","To amend the Internal Revenue Code of 1986 to repeal the scheduled reduction in the deduction for foreign-derived intangible income.",2,"2026-05-22T16:47:17.467Z","taxation",[41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,143,144,145,146,147,148,149,150,151,152,153,154,155,156,157,158,159],"growing","gr","gro","grow","growi","growin","and","preserving","pr","pre","pres","prese","preser","preserv","preservi","preservin","innovation","in","inn","inno","innov","innova","innovat","innovati","innovatio","america","am","ame","amer","ameri","americ","act","of","2025","20","202","to","amend","amen","the","internal","int","inte","inter","intern","interna","revenue","re","rev","reve","reven","revenu","code","co","cod","1986","19","198","repeal","rep","repe","repea","scheduled","sc","sch","sche","sched","schedu","schedul","schedule","reduction","red","redu","reduc","reduct","reducti","reductio","deduction","de","ded","dedu","deduc","deduct","deducti","deductio","for","foreign","fo","fore","forei","foreig","derived","der","deri","deriv","derive","intangible","inta","intan","intang","intangi","intangib","intangibl","income","inc","inco","incom","feenstra","fe","fee","feen","feens","feenst","feenstr","randy","ra","ran","rand","ia",[],true,[163],{"versionCode":164,"actionDate":6,"actionDesc":165,"text":166,"updateDate":167},"00","Introduced in House","\u003Cp>\u003Cstrong>Growing and Preserving Innovation in America Act of 2025\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>This bill makes permanent the increased percentage rates at which a domestic corporation may deduct (for federal tax purposes) foreign-derived intangible income and global intangible low-taxed income (GILTI).\u003C\u002Fp>\u003Cp>As background, for tax years beginning after 2017 and before 2026, a domestic corporation generally is allowed a tax deduction equal to the sum of (1) 37.5% of the corporation’s foreign-derived intangible income, and (2) 50% of the corporation’s GILTI and any dividends that are attributable to the corporation’s GILTI. However, under current law, the tax deduction decreases starting in 2026, to the sum of (1) 21.875% of the corporation’s foreign-derived intangible income, and (2) 37.5% of the corporation’s GILTI and any dividends that are attributable to the corporation’s GILTI.\u003C\u002Fp>\u003Cp>Under the bill, for tax years beginning in 2026, a domestic corporation generally may claim a tax deduction equal to the sum of (1) 37.5% of the corporation’s foreign-derived intangible income, and (2) 50% of the corporation’s GILTI and any dividends that are attributable to the corporation’s GILTI.\u003C\u002Fp>","2026-03-02T14:00:23Z",[169,175,181,187,192,197,201],{"bioguideId":170,"fullName":171,"party":13,"state":172,"district":173,"sponsorshipDate":174,"isOriginalCosponsor":19,"withdrawn":19,"sponsorshipWithdrawnDate":3},"J000311","Rep. 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