IV 
118TH CONGRESS 
1ST SESSION 
H. RES. 487 
Supporting the ratification of the Chilean tax treaty. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 9, 2023 
Mr. CONNOLLY (for himself, Ms. SALAZAR, and Mr. CASTRO of Texas) sub-
mitted the following resolution; which was referred to the Committee on 
Foreign Affairs, and in addition to the Committee on Ways and Means, 
for a period to be subsequently determined by the Speaker, in each case 
for consideration of such provisions as fall within the jurisdiction of the 
committee concerned 
RESOLUTION 
Supporting the ratification of the Chilean tax treaty. 
Whereas Chile is one of the United States strongest partners 
in the Western Hemisphere; 
Whereas the United States signed a free trade agreement in 
2004 that allows for the duty-free export of all United 
States consumer and industrial goods to Chile; 
Whereas the signing of a free trade agreement eliminated tar-
iffs, provided intellectual property protections, enabled 
regulatory transparency, prohibited anticompetitive busi-
ness conduct, and required labor and environmental pro-
tections; 
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•HRES 487 IH 
Whereas bilateral trade between the United States and Chile 
in goods and services reached $38,400,000,000 in 2021, 
and United States goods exports to Chile amounted to 
$17,300,000,000 in 2021; 
Whereas, in 2022, United States-Chile merchandise trade 
amounted 
to 
$38,900,000,000, 
including 
$23,300,000,000 of United States goods exports to Chile 
and $15,600,000,000 of United States goods imports 
from Chile; 
Whereas the United States and Chile are celebrating 200 
years of relations in 2023; 
Whereas the United States and Chile signed a bilateral tax 
treaty on February 4, 2010; 
Whereas, in 2014, Chile passed new tax legislation, which in-
creased corporate tax rates in Chile; 
Whereas, without a ratified bilateral tax treaty, United States 
companies with operations in Chile will be subject to a 
tax rate of up to 44.45 percent in 2027; 
Whereas companies headquartered in 35 countries with which 
Chile already has bilateral tax treaties in force will con-
tinue to be subject to a 35-percent tax rate, leaving 
United States businesses at a significant competitive dis-
advantage; 
Whereas the Committee on Foreign Relations of the Senate 
reported the bilateral tax treaty favorably in 2014, 2016, 
2022, and most recently on June 1, 2023; and 
Whereas China is among the United States competitors with 
which Chile already has a tax treaty in force: Now, there-
fore, be it 
Resolved, That the House of Representatives— 
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•HRES 487 IH 
(1) recognizes the long-standing United States- 
Chile partnership; 
(2) reaffirms the importance of expanded bilat-
eral economic ties for advancing the prosperity of 
both countries; and 
(3) urges the Senate to provide its advice and 
consent to ratification of the bilateral tax treaty with 
Chile. 
Æ 
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