Introduced
S. 2021
Introduced in Senate · June 20, 2025June 11, 2025
Mr. Wyden (for himself, Mr. Warner, Mr. Warnock, and Mr. Welch) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to exclude round-tripped income for purposes of calculating global intangible low-taxed income, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Close the Round-Tripping Loophole Act”.