Defending American Jobs and Investment Act

This bill pushes back against foreign taxes that reach beyond a country’s borders or unfairly target Americans. It tells the Treasury Department to publish a list of countries (and their territories) with these taxes within 90 days and update it at least every 6 months, with details on each tax. Treasury must also engage each listed country to urge repeal and warn about penalties.

If a country is listed, starting 180 days after it first appears, the U.S. will add extra percentage points to certain tax rates on that country’s citizens and companies when they earn U.S. income or receive U.S. payments, including on sales of U.S. real estate. These higher rates apply even if a tax treaty would normally lower them, and they step up over time: +5 points in year 1, +10 in year 2, +15 in year 3, and +20 after that. The President may also block federal purchases from people and firms from those countries, and U.S. officials must weigh these foreign taxes when considering tax treaties and trade deals. If a country permanently repeals the taxes, these measures stop going forward.

• Who is affected: Non‑U.S. individuals and foreign companies from listed countries; U.S. agencies handling taxes, trade, and federal buying.
• What changes: Regular public reports; direct talks with listed countries; higher U.S. taxes on their people and companies; possible federal purchasing bans; tax treaties and trade talks must factor in these foreign taxes.
• When: First report due in 90 days; updates at least every 6 months; penalties begin 180 days after a country is listed; rate add‑ons rise yearly up to +20 points; actions end after a confirmed repeal.