Deterring Adversarial Access to Americans’ Data Act

This bill changes federal tax law for businesses that use information and communications technology made or provided by certain foreign adversary-linked entities. A business that uses such technology during a tax year would be treated as a "foreign-influenced entity" under the tax code. Such technology would not qualify for bonus depreciation, and spending to buy or develop it could not be fully deducted as domestic research costs. The bill also limits the business interest deduction calculation for income tied to this technology and denies the research tax credit to specified foreign entities and foreign-influenced entities. The changes would apply to tax years beginning more than one year after the bill becomes law.

Full text and official record on Congress.gov

Sponsors

• Nathaniel Moran Republican sponsor
• 0 cosponsors