119 S2646 IS: No Tax Treaties for Foreign Aggressors Act U.S. Senate 2025-08-01 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS1st SessionS. 2646IN THE SENATE OF THE UNITED STATESAugust 1, 2025Mr. Cornyn (for himself, Mr. Coons, Mr. Cassidy, and Ms. Cortez Masto) introduced the following bill; which was read twice and referred to the Committee on Foreign RelationsA BILLTo terminate the United States-People's Republic of China Income Tax Convention if the People's Liberation Army initiates an armed attack against Taiwan.

1.

Short title

This Act may be cited as the No Tax Treaties for Foreign Aggressors Act.

2.

Conditional termination of the United States-People's Republic of China Income Tax Convention

(a)

In general

The Secretary of the Treasury shall provide written notice to the People's Republic of China through diplomatic channels of the United States' intent to terminate the United States-The People’s Republic of China Income Tax Convention, done at Beijing April 30, 1984, and entered into force January 1, 1987, as provided by Article 28 of the Convention, not later than 30 days after the President notifies the Secretary of the Treasury that the People’s Liberation Army has initiated an armed attack against the Republic of China (commonly known as Taiwan).(b)

Congressional notification

The President shall submit written notification of a termination described in subsection (a) to—(1)the Committee on Foreign Relations of the Senate; and(2)the Committee on Finance of the Senate.