H.R.7509

Deterring Adversarial Access to Americans’ Data Act denies tax credits and deductions to businesses using foreign adversary-controlled technology.

The Deterring Adversarial Access to Americans’ Data Act amends the Internal Revenue Code to deny certain tax credits and deductions to businesses using foreign adversary-controlled technology. This includes prohibiting foreign-influenced entities from claiming business interest deductions, denying bonus depreciation for such technology, and disallowing full expensing of domestic research and experimental expenditures for foreign adversary-controlled technology. The amendments apply to taxable years beginning after one year from the date of enactment.