Protect U.S. Companies from Foreign Regulatory Taxation Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 4278 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 4278 To improve protections with respect to foreign regulation for certain entities integral to the national interests of the United States, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 2, 2025 Mr. Fitzgerald introduced the following bill; which was referred to the Committee on the Judiciary _______________________________________________________________________ A BILL To improve protections with respect to foreign regulation for certain entities integral to the national interests of the United States, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Protect U.S. Companies from Foreign Regulatory Taxation Act''. SEC. 2. FINDINGS. Congress finds the following: (1) The ability of citizens of the United States to engage in international commerce is a fundamental policy concern of the United States. (2) Entities in the digital sector contribute significantly to the prosperity of the United States and the growth of the world economy. (3) The United States has a strategic advantage in the responsible development and deployment of artificial intelligence and other critical and emerging technologies. (4) Investments in digital infrastructure and innovation by the United States are a critical extension of the influence and leadership of the United States abroad. (5) Digital innovation in the United States drives economic growth, streamlines government efficiency, and promotes job creation. (6) The national security of the United States is strengthened when United States technology is the backbone of the digital services of the world. (7) United States leadership with respect to technology is un