On 10 July 2014, the U.S. House of Representatives passed the Energy and Water Development and Related Agencies Appropriations Bill, which included and anti-inversion amendment. The amendment prohibits the Department of Energy or Army Corps of Engineers from entering into contracts with companies that have reincorporated from the U.S. to Bermuda or the Cayman Islands. Similar amendments have been added to the Housing and Urban Development Appropriations Bill, and the Department of Defense Appropriations Bill. The appropriations bill and anti-inversion amendment will apply for fiscal year 2015 only, and must be approved by the Senate and signed by the President...