Relates to the internet sale of raffle tickets

2025 Regular Session Introduced by George Borrello

The bill’s text only cites amendments to the Internal Revenue Code; no policy provisions are described yet.

COMMITTED TO RULES

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.