To amend the Internal Revenue Code of 1986 to provide that certain payments to foreign related parties subject to sufficient foreign tax are not treated as base erosion payments.

Cost and committee reports

Official records Congress.gov attaches to H.R. 8895.

• Constitutional authority statementThe sponsor’s statement of where the Constitution gives Congress the power to pass this bill. Statement by Mr. KIM of New Jersey, as printed in the Congressional Record (Vol. 170, No. 109, June 28, 2024, Page H4445):
  Article I, Section 8 of the United States Constitution The single subject of this legislation is: Tax
  Source: Congress.gov, Congressional Record June 28, 2024 ↗

  Evidence

  Field in the Congress.gov record

  constitutionalAuthorityStatementText

  Statement length

  101 characters

  Congress.gov bill record

  H.R. 8895, 118th Congress

  Congress.gov API record

  https://api.congress.gov/v3/bill/118/hr/8895

  Record last updated by Congress.gov

  August 27, 2024

  PORKER copy retrieved

  September 14, 2026

  Stored copy, SHA-256 of the file

  0673bf7ed004323ac2d042e2f88f9da0ff2e3d4360be7934567ad2739c5fd8ef

  PORKER shows the statement exactly as printed, with the page markup removed. It is the sponsor’s claim; it is not a legal finding.

Congress.gov’s record for this bill does not list a CBO cost estimate or a committee report (as of August 27, 2024). Not every bill gets one.

From the Congress.gov bill record for H.R. 8895, last updated August 27, 2024. PORKER’s copy was retrieved September 14, 2026 and is refreshed nightly. Open “Evidence” on any line for the record, field and file fingerprint.