Support legislation to raise the FDDEI deduction to 40%, remove its taxable income limit, and add a look-through rule for certain interest payments from foreign subsidiaries.

Ron Estes · Kansas · Republican

policy impact 0.52 specificity 0.94 extraction confidence 84%

Commitment kind: action. Promised action: Support legislation to raise and revise the FDDEI deduction and add a look-through rule for certain foreign subsidiary interest payments.. Promised outcome: not established. Deadline: unknown; not assumed expired. U.S. Representative for Kansas' 4th District; press release announcing the U.S. Innovation and Global Competitiveness Act of 2026.

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Occurrences

Evidence

verified · Source version 67717 · locator 1307

Mr. Estes introduced the following bill; which was referred to the Committee on Ways and Means

Fetched verbatim passage. AI summary (separate from source): Official GovInfo metadata shows H.R. 10431 was introduced by Estes and referred to committee, with no enacted-law status shown; this is concrete effort but not delivery.

unresolved same_term A for effort

H.R. 10431 (IH) - U.S. Innovation and Global Competitiveness Act of 2026 - BILLS-119hr10431ih | Content Details | GovInfo
secondary · model gpt-5.5 · confidence 94%

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verified · Source version 67713 · locator 3983

Raise the FDDEI deduction to 40% from 33.34%, remove the taxable income limit on the deduction and add a look-through rule

Fetched verbatim passage. AI summary (separate from source): Estes' office says the introduced bill contains the promised FDDEI increase, taxable-income-limit removal, and look-through-rule proposal, but the proposal remains an unenacted bill.

unresolved same_term A for effort

Estes Introduces Bill to Update US International Tax Rules | U.S. Representative Ron Estes
primary · model gpt-5.5 · confidence 91%

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Assessments

Public state: delivered As of 2026-10-04 · verified · . Original AI recommendation (not independently established): delivered. same_term A for effort

The judged commitment is an action promise to support legislation with specified FDDEI changes, not a promise that those changes would be enacted. Verified evidence shows the proposal included raising the FDDEI deduction to 40%, removing the taxable income limit, and adding a look-through rule, and official bill text shows Mr. Estes introduced the bill and it was referred to committee. That is material candidate action satisfying the support-legislation commitment, though not enactment of the policy.

provider codex_cli · model gpt-5.5 · confidence 92%