Protect U.S. Companies from Foreign Regulatory Taxation Act

This bill prohibits U.S. courts from enforcing foreign court judgments against U.S. digital companies related to foreign digital market regulations. It directly affects U.S. companies providing "core platform services" (like major social media or search platforms) that face foreign rules requiring data sharing, interoperability, or restrictions on business practices. Key provisions block enforcement of such foreign regulations unless Congress specifically authorizes it, and grant the President authority to take actions protecting these companies if they face adverse foreign regulatory actions. The bill specifically targets regulations similar to the EU's Digital Markets Act, aiming to shield U.S. tech firms from foreign rules that could hinder their competitiveness.