WASHINGTON (March 26, 2026) – The American Chemistry Council (ACC) issued the following statement in support of the Ensuring Better Interest Treatment and Deductibility Act (EBITDA), legislation to modify Section 163(j) of the Internal Revenue Code.
The bill was introduced in the Senate by Senators Capito, Blackburn, Cornyn, and Husted, and in the House by Representatives Estes, Arrington, Buchanan, Feenstra, Hern, Kustoff, LaHood, Miller (WV), Miller (OH), Moore, Moran, Smith, and Tenney. This legislation would restore a more accurate and pro‑investment calculation of interest deductibility, reinforcing the United States as the world’s most competitive location for manufacturing and borrowing capital.
“This legislation addresses the Section 163(j) change enacted in the One Big Beautiful bill, which excluded certain international income from the calculation. Excluding that income undermines pro‑growth tax principles and makes it more expensive for global businesses to borrow in the United States. That weakens our competitiveness at a time when we should be encouraging more domestic investment, not less.
“The U.S. chemical industry is among the most capital‑intensive sectors in the economy, relying on long‑term financing to build world‑scale facilities, expand production, and deploy advanced technologies. When tax policy raises the cost of borrowing in the United States, it pushes investment and the jobs that come with it toward other countries. The United States has historically been the preferred location for corporate borrowing, an advantage that should be protected.
“The legislation would align with the One Big Beautiful Bill’s pro-growth agenda by allowing businesses to borrow, make investments in the United States, and continue to grow. This change is essential for maintaining the United States’ position as a global leader in manufacturing and innovation.
“Modernizing Section 163(j) is a practical, pro‑growth fix that will help ensure the U.S. remains the most competitive place to build and expand chemical manufacturing. ACC thanks these Senators and Representatives for their leadership and looks forward to working with Congress to advance this critical legislation.”
