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S 3280 116th Congress Senate Taxation Foreign and international corporations Securities Taxation of foreign income

Blocking New Corporate Tax Giveaways Act

Introduced: February 12, 2020 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 12, 2020
Read twice and referred to the Committee on Finance.
Feb 12, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

Blocking New Corporate Tax Giveaways Act

This bill modifies the global intangible low-taxed income (GILTI) regime to provide that high-taxed amounts are excluded from tested income for purposes of determining GILTI only if such amounts are initially treated as foreign base company income or insurance income.

What's happening now February 12, 2020

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3280: Blocking New Corporate Tax Giveaways Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-3280/
MLA
"S. 3280: Blocking New Corporate Tax Giveaways Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-3280/.
Bluebook (legal)
S. 3280, 116th Cong. (2026), https://openamerica.io/bill/116-S-3280/.
Markdown link
[S. 3280: Blocking New Corporate Tax Giveaways Act](https://openamerica.io/bill/116-S-3280/)
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