Treasury Secretary Scott Bessent asked congressional leadership to remove a provision from the Republican tax legislation that would give the Treasury Department the ability to implement a so-called “revenge tax” on certain foreign investors.

The provision, officially known as Section 899 and informally known as the “revenge tax,” was drafted by House Republicans and supported by the White House to counter several European countries, Canada, Australia and more nations from taxing US firms in a way GOP lawmakers argue is discriminatory.

Section 899 — would allow the federal government to impose taxes on companies with foreign owners as well as investors from countries judged as charging “unfair foreign taxes” on U.S. companies.