International Competition for American Jobs Act

Summary: S. 1605 — International Competition for American Jobs Act

Quick facts

• Bill number: S. 1605
  
• Title: International Competition for American Jobs Act
  
• Sponsor: Sen. Thom Tillis (primary)
  
• Introduced: May 6, 2025
  
• Status: Read twice and referred to the Senate Committee on Finance on introduction date
  
• Related House bills (companions): HR 2186, HR 858
  
• Key drafting note: The introduced text specifies that the Act may be cited as the International Competition for American Jobs Act and that, where amendments or repeals are described, they refer to the Internal Revenue Code of 1986, but no substantive provisions are detailed in the version content provided.

Purpose and intent

• The bill’s title suggests it aims to address “international competition for American jobs.” However, the only material content available in the provided version is a citation clause directing amendments to the Internal Revenue Code of 1986. There is no described policy mechanism, program, tax provision, or fiscal impact in the text excerpt provided. A precise statement of purpose and anticipated effects would require the full bill text or official summaries.

Key provisions (as provided)

• The introduced text includes:
  • A formal citation: “This Act may be cited as the International Competition for American Jobs Act.”
  • A standard cross-reference clause: any amendment or repeal is assumed to modify a section or provision of the Internal Revenue Code of 1986, unless otherwise specified.
• No other substantive provisions (tax credits, incentives, rate changes, definitions, or program design) are included in the excerpt.

Who would be affected

• In general, any changes to the Internal Revenue Code could affect individual taxpayers, corporations, and other entities subject to federal taxation, as well as the entities responsible for administering and enforcing tax laws. The exact scope would depend on the specific sections the bill would amend, which are not detailed in the provided text.

Legislative process and timeline

• Introduced and immediately referred to the Senate Committee on Finance (May 6, 2025).
• As a Finance Committee referral, it would typically proceed through committee consideration, potential markup, and then floor action in the Senate if advanced.
• Companion bills in the House (HR 2186 and HR 858) indicate parallel efforts; passage would require both chambers and presidential assent to become law.

Notes for readers seeking more detail

• The available excerpt does not reveal substantive policy provisions. For a complete understanding of the bill’s impact, obtain the full bill text, official summary from Congress.gov, and any committee reports or fiscal analyses.