H.R. 1062 · 119th Congress

Growing and Preserving Innovation in America Act of 2025

Introduced on Feb 6, 2025 by Randy Feenstra (R-IA-4). 7 cosponsors, 1 of them from another party. Latest action (Feb 6, 2025): Referred to the House Committee on Ways and Means.

Stage
Introduced
Introduced
Feb 6, 2025
Cosponsors
7
1 from the other party
Policy area
Taxation
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Progress

The furthest stage the measure reached. Simple and concurrent resolutions do not go to the President.

  1. Introduced
  2. 2Reported by committee
  3. 3Passed one chamber
  4. 4Passed both chambers
  5. 5Sent to the President
  6. 6Became law

Official title

To amend the Internal Revenue Code of 1986 to repeal the scheduled reduction in the deduction for foreign-derived intangible income.

Summary

By the Congressional Research Service (Introduced in House, Feb 6, 2025). Public domain.

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.

Sponsor and cosponsors

Cosponsors by party as of the day they signed on. Original cosponsors signed on the day of introduction.

Randy FeenstraR-IA-4Sponsor

Democrats · 1

Republicans · 6

Roll calls

Recorded votes on the measure. Most measures move by voice vote or unanimous consent, which record no individual positions.

No recorded roll call on this measure: it moved by voice vote or unanimous consent, or has not reached the floor.

History

Every action as published, oldest first. Roll calls link to how each member voted.

  1. Feb 6, 2025Introduced in House
  2. Feb 6, 2025Introduced in House
  3. Feb 6, 2025 · HouseReferred to the House Committee on Ways and Means.

Committees

Committees and subcommittees the measure was referred to.

Agencies in its committees' jurisdiction

Analisa's mapping of committee jurisdiction to federal agencies; the bill may touch others, or none of these.

Who lobbied on it

Organizations whose lobbying reports (LD-2) name this measure. Spending is what they reported for those quarters on all issues, not on this measure alone.

  1. FEDEX CORPORATION6 reports
    $18.7M reported (all issues)Federal contractor: FEDEX SUPPLY CHAIN DISTRIBUTION SYSTEM, INC.$407.8M in contracts, FY2026AI match · 100%
  2. SYNOPSYS, INC.5 reports
    $1.6M reported (all issues)Federal contractor: SYNOPSYS, INC.$245.7K in contracts, FY2026AI match · 100%
  3. THE BOEING COMPANY5 reports
    $13.9M reported (all issues)Federal contractor: THE BOEING COMPANY$9B in contracts, FY2026AI match · 99%
  4. Alliance for Biopharmaceutical Competitiveness and Innovation4 reports
    $1M reported (all issues)
  5. Chamber of Commerce of the U.S.A.4 reports
    $70.3M reported (all issues)
  6. JOHNSON & JOHNSON SERVICES, INC.4 reports
  7. ModernaTX, Inc.4 reports
    $120K reported (all issues)Federal contractor: MODERNATX, INC.AI match · 96%
  8. PFIZER INC.4 reports
    Federal contractor: PFIZER INCAI match · 100%
  9. THE MOSAIC COMPANY4 reports
  10. Tax Reform Coalition4 reports
    $1.3M reported (all issues)
  11. YUM BRANDS INC.4 reports
  12. Amazon.com Services LLC3 reports
    $13.2M reported (all issues)Federal contractor: AMAZON.COM SERVICES LLC$285.9K in contracts, FY2026AI match · 100%
  13. CATERPILLAR INC.3 reports
    Federal contractor: CATERPILLAR INC$188.3M in contracts, FY2026AI match · 100%
  14. LOCKHEED MARTIN CORPORATION1 report
    $3.6M reported (all issues)Federal contractor: LOCKHEED MARTIN CORPORATION$13.3B in contracts, FY2026AI match · 100%
  15. Prison Fellowship Ministries1 report

Reports filed in 2025, 2026.

Sources and method

Every figure on this page traces to these records.

  • Bill status: bills and resolutions, sponsors, actions, subjects and CRS summaries (U.S. Government Publishing Office (GovInfo), from Congress.gov (Library of Congress))GovInfo Bill Status bulk data (Congress.gov; summaries by the Congressional Research Service) · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Members of Congress, their terms, committees and identifiers (The @unitedstates project (from the Biographical Directory of the U.S. Congress, the House and the Senate))unitedstates/congress-legislators: legislators, committees and current committee membership · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: CC0 1.0 (public domain dedication)
  • House roll-call votes (Office of the Clerk, U.S. House of Representatives)Office of the Clerk, U.S. House of Representatives, roll-call vote records · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Senate roll-call votes and DW-NOMINATE scores (Voteview (UCLA Department of Political Science))Lewis, Jeffrey B., Keith Poole, Howard Rosenthal, Adam Boche, Aaron Rudkin, and Luke Sonnet (2026). Voteview: Congressional Roll-Call Votes Database. https://voteview.com/ · data current to Oct 3, 2026 · loaded Oct 3, 2026 · license: Free to use with the required citation
  • Lobbying disclosures (LD-1 registrations, LD-2 quarterly reports, LD-203 contribution reports) (Clerk of the U.S. House of Representatives)Clerk of the House, Lobbying Disclosure Act filings (organizations only; lobbyists' names are not loaded) · data current to Oct 6, 2026 · loaded Oct 6, 2026 · license: Public domain (U.S. Government work, 17 U.S.C. § 105)
  • Positions are shown only where a roll call recorded them; voice votes and unanimous consent record none.
  • Money and votes are shown side by side; neither explains the other.