II 115th CONGRESS 2d Session S. 3674 IN THE SENATE OF THE UNITED STATES November 28, 2018 Ms. Klobuchar (for herself and Ms. Duckworth ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to modify the global intangible low-taxed income by repealing the tax-free deemed return on investments and determining net CFC tested income on a per-country basis.