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==Innovation Promotion Act==
The "Innovation Promotion Act of 2015" was released as a discussion draft on July 31, 2015. The act promotes a reduction of taxes to 10% for income from intellectual property. It also proposes qualifying tax distributions of qualifying intellectual property from a controlled foreign corporation to the US parent company. This act is indicative of the United States' effort to attract and foster more innovation and research.
 
== Acts reported on by the Senate Committee on Small Business and Entrepreneurship ==
The following pieces of legislation in 2015 were found from http://www.GovTrack.us:
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