On 7 July 2015, U.S. Senate Finance Committee member Robert P. Casey Jr., D-Pa., announced the introduction of an amendment to the No Child Left Behind Act that would potentially limit corporate inversions. The amendment is meant to provide over USD 30 billion in funding for early childhood education, which would be offset by increased tax revenue that would result from increasing the foreign ownership requirement for corporate inversions from 20% to 50%. When the foreign ownership threshold is not met, the inverted company is generally treated as an inverted domestic corporation for U.S tax purposes, which negates the tax...