GLOBAL BUSINESS ALLIANCE

GOV · Government Issues

Issues relating to the ability of U.S. subsidiaries to compete for government contracts. Issues relating to the Committee on Foreign Investment in the United States (CFIUS) and potential changes to CFIUS authority to review certain transactions and its impact on the ability of the United States to attract foreign investment. [House, Senate] Issues relating to export control reform and outbound investment reviews) [House, Senate] Issues relating to the Foreign Agents Registration Act (FARA) including the Lobbying Disclosure Improvement Act (S. 264). [House and Senate] Issues relating to the implementation of semiconductor manufacturing grants [Commerce Department]

Literal federal measure citations: S. 264

TAX · Taxation/Internal Revenue Code

Issues relating to corporate tax reform's impact on the competitiveness of the United States as a location for foreign direct investment. Issues related to guidance and implementation of certain provisions in the Inflation Reduction Act including the new stock buyback excise tax and corporate AMT provisions. Issues related to alignment with the OECD relating to a 15% global rate and other OECD developments. Issues relating to 163(j) changes effective in 2022. Issues relating to Section 174 the Research & Development expensing. Issues relating to upcoming changes to Section 168(k) bonus depreciation. Issues relating to the Tax Relief for American Families and Workers Act (H.R. 7024) Issues relating to the Unfair Tax Prevention Act (H.R. 2423)

Literal federal measure citations: H.R. 7024, H.R. 2423

ECN · Economics/Economic Development

Issues relating to promoting and the ability of the United States to compete for foreign direct investment. Activities related to promoting the benefits of foreign direct investment directly to the Executive Branch. Activities related to promoting the Global Investment in American Jobs Caucus in the U.S. House of Representatives and U.S. Senate. Activities related to promoting the Semiconductor Supply Chain Act in the U.S. House of Representatives and U.S. Senate.

TRD · Trade (domestic/foreign)

Issues related to the Section 301 tariffs Issues related to the Section 232 tariffs Issues related to reciprocal tariffs under International Economic Emergency Powers Act