Report: Schumer readies inversion bill

Sen. Charles SchumerCharles SchumerTrump was wrong: Kaine is a liberal in a moderate's clothing Trump poised to betray primary supporters on immigration Rubio primary challenger loans campaign M MORE (D-N.Y.) will reportedly unveil a new proposal that would overturn any corporate inversions since 1994.

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Bloomberg News reported on Sunday that Schumer is still deciding when to introduce the legislation.

Democrats and President Obama have been criticizing companies that have inverted in recent months, a policy that include a company changing its headquarters address to take advantage of lower tax rates overseas.

On Monday, Treasury Secretary Jack LewJack LewObama officials call to boost healthcare funds to Puerto Rico GOP lawmakers call for overhaul of proposed corporate tax rules GOP senator: Obama 'hid' Iran payment from Congress MORE will speak in Washington and could unveil new administration policies aimed at making inversions less attractive.

— This report was updated on Sept. 8 at 9:47 a.m.