Statement
Published: 27 June 2025
BritishAmerican Business Supports Calls to Remove Section 899 from the One Big Beautiful Bill
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Contact: Dominic Parker, Senior Communications and Media Manager, BritishAmerican Business
dparker@babinc.org | +44 7500 115352
BritishAmerican Business (BAB) welcomes the announcements from the US Treasury and the US Senate Committee on Finance calling on Congress to remove Section 899 from the One Big Beautiful Bill (OBBB), a provision that had caused concern for many UK companies doing business in the US.
BAB has advocated against the inclusion of Section 899, most recently through a formal letter to the Senate Finance Committee earlier this month. The letter, sent to Senators Crapo and Wyden, highlighted the concerns of many transatlantic firms regarding the potential economic impact of the proposed tax reforms. We are pleased these views have been heard.
Section 899 proposed retaliatory tax measures targeting countries seen as discriminating against US firms. The provision risked raising costs for UK companies and discouraging investment in the US.
About BritishAmerican Business
BritishAmerican Business is the leading transatlantic trade association incorporating the British-American Chamber of Commerce in the US and the American Chamber of Commerce in the UK.
We are committed to strengthening the economic corridor between the United States and the United Kingdom by supporting policies and actions that protect and enhance the environment for transatlantic trade and investment on behalf of our members.
We convene and serve a growing network of companies and business leaders through networking opportunities, bespoke programming and marketing platforms. We actively promote trade and investment and support those who make the transatlantic corridor part of their business growth ambition.