This bill prevents businesses from getting tax benefits if they use technology controlled by foreign adversaries. It is designed to safeguard American data and technology from foreign threats.
If you work for a company using foreign adversary technology, it may lose tax benefits, affecting its finances.
Who this affects
Businesses · Employees
What changes is this bill making?
1This bill denies tax credits to businesses using technology from foreign adversaries.
2It adds foreign adversary-controlled technology to a list of restricted entities.
3Businesses cannot fully deduct costs for research involving foreign adversary technology.
4Companies must avoid using technology from prohibited foreign entities to receive tax benefits.
5The bill aims to protect American data from foreign influence.
