To amend the Internal Revenue Code of 1986 to repeal the scheduled reduction in the deduction for foreign-derived intangible income.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to repeal the scheduled reduction in the deduction for foreign-derived intangible income., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients. The main policy domain is Foreign Policy.
Who Benefits and How
foreign governments, international partners, and aid recipients may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, foreign governments, international partners, and aid recipients may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H7A053A06EB454983BEE5BB7F9E418657: 1. Short title This Act may be cited as the Growing and Preserving Innovation in America Act of 2024.
- Section H90B29F0CD6B64E6AAF79BE3EC5E6DA00: 2. Repeal of scheduled reduction in the deduction for foreign-derived intangible income Section 250(a)(3) of the Internal Revenue Code of 1986 is amended by...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to repeal the scheduled reduction in the deduction for foreign-derived intangible income., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.
Key Policy Areas
Foreign Policy
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to repeal the scheduled reduction in the deduction for foreign-derived intangible income., changes federal law or congressional policy affecting foreign governments, international partners, and aid recipients.
Policy Domains
Whole bill
Identified Gains
- foreign governments, international partners, and aid recipients
Identified Costs
- federal implementing agencies
- foreign governments, international partners, and aid recipients
Sponsors
Legislative Progress
IntroducedMrs. Steel (for herself and Mr. Morelle) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology