[Congressional Record Volume 167, Number 145 (Tuesday, August 10, 2021)]
[Senate]
[Page S6394]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3664. Mr. TOOMEY (for himself, Mr. Sasse, and Mr. Portman) 
submitted an amendment intended to be proposed by him to the concurrent 
resolution S. Con. Res. 14, setting forth the congressional budget for 
the United States Government for fiscal year 2022 and setting forth the 
appropriate budgetary levels for fiscal years 2023 through 2031; which 
was ordered to lie on the table; as follows:

       At the appropriate place in title IV, add the following:

     SEC. 4___. POINT OF ORDER AGAINST INCREASING THE TAX RATE ON 
                   GILTI.

       (a) Point of Order.--It shall not be in order in the Senate 
     to consider any bill, joint resolution, motion, amendment, 
     amendment between the Houses, or conference report that 
     increases the global minimum tax applicable to American 
     companies under section 250 or 951A of the Internal Revenue 
     Code of 1986 prior to finalization (as determined by the 
     Joint Committee on Taxation) and, in the case of the tax 
     imposed by section 951A of such Code, adoption by all member 
     countries, of a global minimum tax pursuant to the Inclusive 
     Framework on Base Erosion and Profit Shifting established by 
     the Organisation for Economic Co-operation and Development.
       (b) Waiver and Appeal.--Subsection (a) may be waived or 
     suspended in the Senate only by an affirmative vote of three-
     fifths of the Members, duly chosen and sworn. An affirmative 
     vote of three-fifths of the Members of the Senate, duly 
     chosen and sworn, shall be required to sustain an appeal of 
     the ruling of the Chair on a point of order raised under 
     subsection (a).
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