On 2 November 2017, the U.S. House Ways and Means Committee Chairman Kevin Brady presented the Tax Cuts and Jobs Act Bill, H.R. 1 containing proposed U.S. Tax Reform provisions. The measures of the legislation generally follow the Unified Framework released in September ({News-2017-09-28/P/2-previous coverage}), including a reduction of the standard corporate tax rate to 20%, the introduction of a 25% rate for pass-through entities, and the simplification of individual taxation with marginal …