{"database": "openregs", "table": "legislation", "rows": [["117-s-5349", 117, "s", 5349, "International Competition for American Jobs Act", "Taxation", "2022-12-21", "2022-12-21", "Read twice and referred to the Committee on Finance.", "Senate", "Sen. Portman, Rob [R-OH]", "OH", "R", "P000449", 0, "International Competition for American Jobs Act  This bill modifies provisions relating to the taxation of foreign entities.  Among other provisions, the bill   makes permanent the look-thru rule for controlled foreign corporations (CFCs). (A look-thru rule provides that dividends, interest, rents and royalties that one CFC receives or accrues from a related CFC are not treated as foreign personal holding company income);  modifies the tax deduction for foreign-derived intangible income and global intangible low-taxed income;  modifies the base erosion minimum tax (10% minimum tax imposed to prevent corporations operating in the United States from avoiding tax liability by shifting profits out of the United States); modifies tax rules allocating certain tax deductions for purposes of the foreign tax credit limitation;  restores the limitation on the attribution of stock ownership for purposes of applying constructive ownership rules; and  includes specified amounts in the gross income of CFC shareholders.", "2023-05-10T03:45:22Z", "https://www.congress.gov/bill/117th-congress/senate-bill/5349"]], "columns": ["bill_id", "congress", "bill_type", "bill_number", "title", "policy_area", "introduced_date", "latest_action_date", "latest_action_text", "origin_chamber", "sponsor_name", "sponsor_state", "sponsor_party", "sponsor_bioguide_id", "cosponsor_count", "summary_text", "update_date", "url"], "primary_keys": ["bill_id"], "primary_key_values": ["117-s-5349"], "units": {}, "query_ms": 0.3483749460428953, "source": "Federal Register API & Regulations.gov API", "source_url": "https://www.federalregister.gov/developers/api/v1", "license": "Public Domain (U.S. Government data)", "license_url": "https://www.regulations.gov/faq"}