On 15 July 2015, U.S. Representative Chris Van Hollen D-MD introduced the Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities Throughout America (GROW AMERICA) Act (Bill H.R. 3064). The legislation includes provisions to modify rules relating to inverted corporations in order to increase tax revenue to fund transportation improvements.
The inversion related provisions of the bill state that when a foreign corporati…