Border Water Quality Restoration and Protection Act

House Bill

H.R. 4357

119th Congress

Border Water Quality Restoration and Protection Act

In Committee

Introduced:Jul 10, 2025

Primary Sponsor

Claudia Tenney

Representative

Republican

NY-24

Cosponsors

2

Quick Stats

Policy Area

Taxation

Summary

This bill makes a tax rule permanent that allows certain large, multinational corporations to avoid paying taxes on some of their overseas profits. It does this by letting them defer paying taxes on income they earn from related foreign subsidiaries.

Latest Action

Referred to the House Committee on Ways and Means.

SponsorClaudia Tenney (R-NY)

Introduced7/10/2025

StatusReferred to the Subcommittee on Water Resources and Environment.

ChamberHouse

Data from Congress.gov

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Vote Prediction

Border Water Quality Restoration and Protection Act

This bill makes a tax rule permanent that allows certain large, multinational corporations to avoid paying taxes on some of their overseas profits. It does this by letting them defer paying taxes on income they earn from related foreign subsidiaries.

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill makes a tax rule permanent that allows certain large, multinational corporations to avoid paying taxes on some of their overseas profits. It does this by letting them defer paying taxes on income they earn from related foreign subsidiaries.

Bill Number: 4357
Sponsor: Claudia Tenney (R-NY)
Introduced: 7/10/2025
Status: Referred to the Subcommittee on Water Resources and Environment.
Policy Area: Taxation

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Border Water Quality Restoration and Protection Act
Bill Number: 4357
Sponsor: Claudia Tenney (R-NY)
Status: Referred to the Subcommittee on Water Resources and Environment.
Introduced: 7/10/2025
Summary: This bill makes a tax rule permanent that allows certain large, multinational corporations to avoid paying taxes on some of their overseas profits. It does this by letting them defer paying taxes on income they earn from related foreign subsidiaries.

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill makes a tax rule permanent that allows certain large, multinational corporations to avoid paying taxes on some of their overseas profits. It does this by letting them defer paying taxes on income they earn from related foreign subsidiaries.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Permanent CFC Look-Through Act of 2023 This rule makes permanent the look-through rule for related controlled foreign corporations (CFCs). That rule provides that dividends, interest, rents and royalties one CFC receives from a related CFC are not treated as foreign personal holding company income (thus permitting the deferral of tax on such income).

Key Points

Main provisions of the bill

Permanently extends a tax rule that allows large corporations to avoid paying taxes on some of their overseas profits
The rule lets corporations defer taxes on income earned from related foreign subsidiaries, like dividends, interest, rent, and royalties
This could reduce the total taxes these multinational corporations pay in the United States

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would primarily benefit large, multinational corporations that have overseas subsidiaries. They would be able to continue deferring taxes on certain types of income from those foreign subsidiaries, reducing their overall tax burden in the United States. This could mean less tax revenue for the federal government to fund public programs and services.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

4357, 119th Congress (2025). "Border Water Quality Restoration and Protection Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-4357