119th Congress · introduced in the House · Feb 6, 2025
Growing and Preserving Innovation in America Act of 2025
Official title from Congress.gov
Latest action (Feb 6, 2025): Referred to the House Committee on Ways and Means.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Introduced in House (Feb 6, 2025)
Growing and Preserving Innovation in America Act of 2025
This bill makes permanent the increased percentage rates at which a domestic corporation may deduct (for federal tax purposes) foreign-derived intangible income and global intangible low-taxed income (GILTI).
As background, for tax years beginning after 2017 and before 2026, a domestic corporation generally is allowed a tax deduction equal to the sum of (1) 37.5% of the corporation’s foreign-derived intangible income, and (2) 50% of the corporation’s GILTI and any dividends that are attributable to the corporation’s GILTI. However, under current law, the tax deduction decreases starting in 2026, to the sum of (1) 21.875% of the corporation’s foreign-derived intangible income, and (2) 37.5% of the corporation’s GILTI and any dividends that are attributable to the corporation’s GILTI.
Under the bill, for tax years beginning in 2026, a domestic corporation generally may claim a tax deduction equal to the sum of (1) 37.5% of the corporation’s foreign-derived intangible income, and (2) 50% of the corporation’s GILTI and any dividends that are attributable to the corporation’s GILTI.
Includes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 24, 2026.
58 citations; showing the 25 most recently posted.
BOEING COMPANY · lobbying firm or registrant: BOEING COMPANY
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Taxation/Internal Revenue Code
$2,700,000
Spent on own lobbying
H.R.1062 - Growing and Preserving Innovation in America Act of 2025. H.R.10431 - U.S. Innovation and Global Competitiveness Act of 2026. S.1605 - International Competit…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FEDEX CORPORATION · lobbying firm or registrant: FEDEX CORPORATION
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Taxation/Internal Revenue Code
$2,930,000
Spent on own lobbying
…ring for tax credits involving EVs, SAFs, and zero emission charging infrastructure Corporate and international tax issues related to the Tax Cuts and Jobs Act H.R.1062 - Growing and Preserving Innovation in America Act of 2025 General monitoring of administration policy and Executive Orders The One Big Beautiful Bill Act H.R.…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
BOEING COMPANY · lobbying firm or registrant: BOEING COMPANY
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Taxation/Internal Revenue Code
$2,770,000
Spent on own lobbying
H.R.1062 - Growing and Preserving Innovation in America Act of 2025. S.1605 - International Competition for American Jobs Act. S.1639 - American Innovation and Jobs Act…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FEDEX CORPORATION · lobbying firm or registrant: FEDEX CORPORATION
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Taxation/Internal Revenue Code
$2,930,000
Spent on own lobbying
…ring for tax credits involving EVs, SAFs, and zero emission charging infrastructure Corporate and international tax issues related to the Tax Cuts and Jobs Act H.R.1062 - Growing and Preserving Innovation in America Act of 2025 General monitoring of administration policy and Executive Orders The One Big Beautiful Bill Act H.R.…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
SYNOPSYS, INC. · lobbying firm or registrant: SYNOPSYS, INC.
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$370,000
Spent on own lobbying
…s and Jobs Act (implementation and R&D treatments (Section 174)) and H.R. 802 the Semiconductor Technology Advancement and Research Act of 2025 (the STAR Act), H.R. 1062 The Growing and Preserving Innovation in America Act of 2025, and H.R.1/P.L. 119-21 One Big Beautiful Bill Act (provisions related to the treatment of R&D and…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FEDEX CORPORATION · lobbying firm or registrant: FEDEX CORPORATION
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$3,060,000
Spent on own lobbying
…ring for tax credits involving EVs, SAFs, and zero emission charging infrastructure Corporate and international tax issues related to the Tax Cuts and Jobs Act H.R.1062 - Growing and Preserving Innovation in America Act of 2025 General monitoring of administration policy and Executive Orders The One Big Beautiful Bill Act H.R.…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
BOEING COMPANY · lobbying firm or registrant: BOEING COMPANY
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Taxation/Internal Revenue Code
$2,450,000
Spent on own lobbying
H.R.1062 - Growing and Preserving Innovation in America Act of 2025. S.1605 - International Competition for American Jobs Act. S.1639 - American Innovation and Jobs Act…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FEDEX CORPORATION · lobbying firm or registrant: FEDEX CORPORATION
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · amended · posted Mar 3, 2026 · issue area: Taxation/Internal Revenue Code
$3,170,000
Spent on own lobbying
…ng for tax credits involving EVs, SAFs, and zero emission charging infrastructure. Corporate and international tax issues related to the Tax Cuts and Jobs Act. H.R.1062 - Growing and Preserving Innovation in America Act of 2025. General monitoring of administration policy and Executive Orders. H.R.1 - The One Big Beautiful Bil…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
FEDEX CORPORATION · lobbying firm or registrant: FEDEX CORPORATION
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 21, 2026 · issue area: Taxation/Internal Revenue Code
$3,700,000
Spent on own lobbying
…ring for tax credits involving EVs, SAFs, and zero emission charging infrastructure Corporate and international tax issues related to the Tax Cuts and Jobs Act H.R.1062 - Growing and Preserving Innovation in America Act of 2025 General monitoring of administration policy and Executive Orders The One Big Beautiful Bill Act H.R.…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
BOEING COMPANY · lobbying firm or registrant: BOEING COMPANY
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$2,890,000
Spent on own lobbying
H.R.1 - One Big Beautiful Bill Act and implementation (P.L.119-21). H.R.1062 - Growing and Preserving Innovation in America Act of 2025. S.1605 - International Competition for American Jobs Act. S.1639 - American Innovation and Jobs Act…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CATERPILLAR INC · lobbying firm or registrant: THE WASHINGTON TAX & PUBLIC POLICY GROUP
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$50,000
Paid to lobbying firm
Issues related to corporate and international tax issues, including IRC 11, 59A, 951A, 250 on the taxation of domestic and global income. (H.R. 1062, H.R. 1 - Sections 70321, 70322, 70323, 70331) Issues related to the full expensing of R&E expenditures, IRC 174. (H.R. 1990, S. 1639, H.R. 1 - Section 70302).…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CHAMBER OF COMMERCE OF THE U.S.A. · lobbying firm or registrant: CHAMBER OF COMMERCE OF THE U.S.A.
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$17,960,000
Spent on own lobbying
…87, Accelerate Long-term Investment Growth Now (ALIGN) Act H.R. 684, Protecting American Savers and Retirees Act H.R. 703/S. 213, Main Street Tax Certainty Act H.R. 1062, Growing and Preserving Innovation in America Act of 2025 H.R. 1177/S. 492, Improve and Enhance the Work Opportunity Tax Credit Act H.R. 1199/S. 695, Small Bus…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
SYNOPSYS, INC. · lobbying firm or registrant: SYNOPSYS, INC.
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$290,000
Spent on own lobbying
…s and Jobs Act (implementation and R&D treatments (Section 174)) and H.R. 802 the Semiconductor Technology Advancement and Research Act of 2025 (the STAR Act), H.R. 1062 The Growing and Preserving Innovation in America Act of 2025, and H.R.1/P.L. 119-21 One Big Beautiful Bill Act (provisions related to the treatment of R&D and…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
YUM! BRANDS · lobbying firm or registrant: THE WASHINGTON TAX & PUBLIC POLICY GROUP
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$30,000
Paid to lobbying firm
…and Pillar 2 negotiations and agreements on the taxation of global income. Issues related to IRC sections 11, 164(a), 951A, 250, and 163(j). (S. 187, H.R. 574, H.R. 1062, S. 1688, H.R. 1 - Sections 70321, 70322, 70323, 70303.)
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
PFIZER, INC. · lobbying firm or registrant: THE WASHINGTON TAX & PUBLIC POLICY GROUP
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$30,000
Paid to lobbying firm
…lar 2 negotiations and agreements on the taxation of global income. Issues related to IRC sections 11, 164(a), 951A, 250, 163(j), and 174. (H.R. 1990, S. 1639, H.R. 1062, H.R. 1347, S. 559, S. 1688, H.R. 1 - Sections 70321, 70322, 70323, 70303, 70302).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
MOSAIC COMPANY · lobbying firm or registrant: THE WASHINGTON TAX & PUBLIC POLICY GROUP
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$20,000
Paid to lobbying firm
…ments on the taxation of global income. Issues related tax code sections 11, 45X, 164(a), 951A, 59A, 250, 174, 163(j), and 168(k). (H.R. 1347, S. 559, S, 1688, H.R. 1062, H.R. 574, S. 187, H.R. 1 - Sections 70321, 70322, 70323, 70331, 70302, 70303, 70301)
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
JOHNSON & JOHNSON SERVICES INC · lobbying firm or registrant: THE WASHINGTON TAX & PUBLIC POLICY GROUP
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 20, 2026 · issue area: Taxation/Internal Revenue Code
$40,000
Paid to lobbying firm
…ated to taxation of intellectual property income. Issues related to IRC sections 11, 164(a), 59A, 951A, 250, 163(j), 174 (H.R. 1990, S. 1639, H.R. 574, S. 187, H.R. 1062, H.R. 1347, S. 559, S. 1688, H.R. 1 - Sections 70321, 70322, 70323, 70331, 70303, 70302).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
TAX REFORM COALITION · lobbying firm or registrant: THE WASHINGTON TAX & PUBLIC POLICY GROUP
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · amended · posted Jan 16, 2026 · issue area: Taxation/Internal Revenue Code
$270,000
Paid to lobbying firm
…74, 55, 56A, and 59, 59A, 163(j), 168(k), 250, 951A, 954(c)(6), 954(d) and 954(e), 960(d)(2) (H.R. 1990, S. 1639, H.R. 1347, S. 559, S. 1688, H.R. 574, S. 187, H.R. 1062, S. 1605, S. 2976, H.R. 1 - Sections 70301, 70302, 70303, 70321, 70322, 70323, 70331, 70341, 70342, 70351, 70361.)
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
MODERNATX, INC. · lobbying firm or registrant: THE WASHINGTON TAX & PUBLIC POLICY GROUP
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 16, 2026 · issue area: Taxation/Internal Revenue Code
$30,000
Paid to lobbying firm
…to OECD Pillar 2 negotiations and agreements on the taxation of global income. Issues related to IRC sections 11, 45C, 951A, 250, and 174. (H.R. 1990, S. 1639, H.R. 1062, H.R. 1414, H.R. 1 - Sections 70231, 70322, 70323, 70302).
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ALLIANCE FOR BIOPHARMACEUTICAL COMPETITIVENESS AND INNOVATION · lobbying firm or registrant: THE WASHINGTON TAX & PUBLIC POLICY GROUP
2025 Q4 report (Oct 1, 2025 – Dec 31, 2025) · posted Jan 13, 2026 · issue area: Taxation/Internal Revenue Code
$70,000
Paid to lobbying firm
…sues related to IRC sections 11, 41 and 174, 55, 56A, and 59, 59A, 163(j), 168(k), 250, 951A (H.R. 1990, S. 1639, H.R. 1347, S. 559, S. 1688, H.R. 574, S. 187, H.R. 1062, S. 1605, S. 2021, H.R. 1 - Sections 70301, 70302, 70303, 70321, 70322, 70323, 70331, 70341, 70342, 70361.)
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
AMAZON.COM SERVICES LLC · lobbying firm or registrant: AMAZON.COM SERVICES LLC
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$4,350,000
Spent on own lobbying
…H. Con. Res. 14. (P.L. 119-21), the American Innovation and R&D Competitiveness Act (H.R. 1990), the Growing and Preserving Innovation in America Act of 2025 (H.R. 1062), the United States-Taiwan Expedited Double Tax Relief Act (H.R. 33 / S. 199), and implementation of the Tax Cut and Jobs Act (P.L. 115-97).
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CHAMBER OF COMMERCE OF THE U.S.A. · lobbying firm or registrant: CHAMBER OF COMMERCE OF THE U.S.A.
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$13,650,000
Spent on own lobbying
…87, Accelerate Long-term Investment Growth Now (ALIGN) Act H.R. 684, Protecting American Savers and Retirees Act H.R. 703/S. 213, Main Street Tax Certainty Act H.R. 1062, Growing and Preserving Innovation in America Act of 2025 H.R. 1177/S. 492, Improve and Enhance the Work Opportunity Tax Credit Act H.R. 1199/S. 695, Small Bus…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
BOEING COMPANY · lobbying firm or registrant: BOEING COMPANY
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$2,570,000
Spent on own lobbying
H.R.1 - One Big Beautiful Bill Act and implementation (P.L.119-21). H.R.1062 - Growing and Preserving Innovation in America Act of 2025. S.1605 - International Competition for American Jobs Act. S.1639 - American Innovation and Jobs Act…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
SYNOPSYS, INC. · lobbying firm or registrant: SYNOPSYS, INC.
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$300,000
Spent on own lobbying
…s and Jobs Act (implementation and R&D treatments (Section 174)) and H.R. 802 the Semiconductor Technology Advancement and Research Act of 2025 (the STAR Act), H.R. 1062 The Growing and Preserving Innovation in America Act of 2025, and H.R.1/P.L. 119-21 One Big Beautiful Bill Act (provisions related to the treatment of R&D, int…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
CATERPILLAR INC · lobbying firm or registrant: THE WASHINGTON TAX & PUBLIC POLICY GROUP
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$50,000
Paid to lobbying firm
Issues related to corporate and international tax issues, including IRC 11, 59A, 951A, 250 on the taxation of domestic and global income. (H.R. 1062, H.R. 1 - Sections 70321, 70322, 70323, 70331) Issues related to the full expensing of R&E expenditures, IRC 174. (H.R. 1990, S. 1639, H.R. 1 - Section 70302).…
Congress inferred from the report year; bill number matches Congress.gov records and the bill predates the report; no title was cited with it. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing