Support legislation allowing U.S. companies, for a limited time, to transfer intellectual property held by foreign subsidiaries back to the United States without additional tax.

Allow U.S. companies, for a limited time, to transfer intellectual property held by their foreign subsidiaries back to the United States without additional tax.

The bill would temporarily allow U.S. companies to bring foreign-subsidiary intellectual property back to the United States without additional tax.

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

unverified · Source version 67717 · locator unknown

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

Unverified model/legacy excerpt; not proof. AI summary (separate from source): Official GovInfo metadata shows Estes introduced H.R. 10431 and that its listed action is referral to the House Ways and Means Committee, indicating legislative effort but not enactment.

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 92%

verified · Source version 67713 · locator 4165

Allow U.S. companies, for a limited time, to transfer intellectual property held by their foreign subsidiaries back to the United States without additional tax.

Fetched verbatim passage. AI summary (separate from source): Estes' official House release describes the bill as containing the exact IP repatriation tax provision in the commitment; because the bill remains only introduced/referred, this is concrete effort rather than delivered enactment.

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 90%