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Report: Schumer readies inversion bill

Sen. Charles SchumerCharles (Chuck) Ellis SchumerSunday shows preview: Trump taps acting attorney general to lead Justice Department Pro-Israel organizations should finally seek payback against Iran deal Dems Pelosi: Acting attorney general 'should not be there' 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 LewJacob (Jack) Joseph LewOvernight Finance: US reaches deal with ZTE | Lawmakers look to block it | Trump blasts Macron, Trudeau ahead of G-7 | Mexico files WTO complaint Obama-era Treasury secretary: Tax law will make bipartisan deficit-reduction talks harder GOP Senate report says Obama officials gave Iran access to US financial system 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.