[Congressional Record Volume 171, Number 112 (Saturday, June 28, 2025)]
[Senate]
[Page S3999]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2511. Mr. WHITEHOUSE submitted an amendment intended to be 
proposed to amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to 
the bill H.R. 1, to provide for reconciliation pursuant to title II of 
H. Con. Res. 14; which was ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. _____. REPEAL OF CERTAIN PROVISIONS.

       (a) Provisions Relating to International Tax.--The 
     amendments made by the following provisions of this Act are 
     repealed, and the Internal Revenue Code of 1986 shall be 
     applied as if such amendments had not been enacted:
       (1) Section 70311 (relating to rules for allocation of 
     certain deductions to foreign source net CFC tested income 
     for purposes of foreign tax credit limitation).
       (2) Section 70312 (relating to modifications to 
     determination of deemed paid credit for taxes property 
     attributable to tested income).
       (3) Section 70313 (relating to sourcing certain income from 
     sale of inventory produced in the United States).
       (4) Section 70321 (relating to modification of deduction 
     for foreign-derived deduction eligible income and net CFC 
     tested income).
       (5) Section 70322 (relating to determination of deduction 
     eligible income).
       (6) Section 70331 (relating to the extension and 
     modification of the base erosion minimum tax amount).
       (7) Section 70351 (relating to permanent extension of look-
     thru rule for controlled foreign corporations).
       (8) Section 70353 (relating to restoration of limitation on 
     downward attribution of stock ownership in applying 
     constructive ownership rules).
       (b) Provisions Relating to Medicaid.--The amendments made 
     by the following provisions of this Act are repealed, and the 
     Social Security Act shall be applied as if such amendments 
     had not been enacted:
       (1) Section 71103 (relating to reducing duplicate 
     enrollment under the Medicaid and CHIP programs).
       (2) Section 71107 (relating to eligibility 
     redetermination).
       (3) Section 71113 (relating to limiting retroactive 
     coverage).
       (4) Section 71116 (relating to sunsetting increased FMAP 
     incentive).
       (5) Section 71122 (relating to modifying cost sharing 
     requirements for certain expansion individuals under the 
     Medicaid program).
       (c) Effective Date.--The repeals made by this section shall 
     take effect as if included in the enactment of the section to 
     which they relate.
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