Mike Crapo actually said...
At the request of @SecScottBessent and in light of this joint understanding to preserve US tax sovereignty and allow US tax laws to co-exist with the Pillar 2 regime, we will remove proposed tax code Section 899 from the One Big Beautiful Bill Act, and we look forward to active engagement with Treasury on these important issues.
Context
Crapo discusses the removal of the revenge tax provision from the bill.
06/27/2025