II 116th CONGRESS 1st Session S. 1610 IN THE SENATE OF THE UNITED STATES May 22, 2019 Ms. Klobuchar (for herself, Mr. Van Hollen , 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.