From Investing.com: 2025-06-03 01:10:00

The One Big Beautiful Bill (OBBB) has passed the House and is now awaiting Senate review. Section 899 of the bill, also known as the ‘revenge bill,’ imposes taxes on passive income from foreign ownership of US assets on countries with ‘unfair foreign taxes.’ The Treasury Department can designate countries subject to these taxes. The tax rate increases by 5% each year, capped at 20% above the statutory rate. If enacted before October 2025, this section will take effect on January 1st, 2026. While it currently excludes Treasury securities, this move could have significant implications for foreign investors in US markets.



Read more at Investing.com: Trump’s One Big Beautiful Bill: What Section 899 Means for Global Investment Flows