H.R. 8274, known as the "Bringing Back American Jobs Through Intellectual Property Repatriation Act," aims to amend the Internal Revenue Code to facilitate the transfer of intangible assets like patents and copyrights from foreign corporations controlled by U.S. entities to U.S. shareholders....
Simple Explanation
The bill wants to make it easier for companies in the U.S. to bring back things like ideas or inventions from their other companies overseas without having to pay extra taxes when they do it.