S.Amdt. 3664

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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