[Congressional Record Volume 171, Number 113 (Monday, June 30, 2025)]
[Senate]
[Page S4118]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2750. Mr. MURPHY (for himself, Ms. Smith, Ms. Warren, and Mr. 
Schiff) 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:

       Strike section 71117 and insert the following:

     SEC. 71117. ADJUSTMENT TO CORPORATE TAX RATE.

       (a) Repeal.--Section 71119 of this Act is repealed, and the 
     Social Security Act shall be applied as if the amendments 
     made by such section had not been enacted.
       (b) Adjustment.--
       (1) In general.--Section 11(b) is amended by striking ``21 
     percent'' and inserting ``22.7 percent''.
       (2) Effective date.--The amendment made by this subsection 
     shall apply to taxable years beginning after December 31, 
     2025.
                                 ______