In a speech given on the U.S. Senate floor on 16 July 2015, Finance Committee Chairman Orrin Hatch R-UT urged the Obama Administration to work with Congress to ensure that proposals considered under the OECD BEPS Project do not have a negative impact on U.S. companies and the economy.

The senator expressed misgivings, saying, "As we all know, only Congress can make changes to U.S. tax law. Yet…