Coming from this post...I would change it from "Holiday" to "Penalty". Basically, congress could say that firms repatriating funds pay an additional penalty of 5% (in some fashion that doesn't discourage international investment/business, maybe by having it only applied to funds in excess of their net international [sales]). Then say that the penalty will be enacted in the near future, maybe next year. Companies will be motivated to get that money back into the US (which they clearly want to do otherwise the holiday idea would be worthless) before the penalty kicks in.
The result would be a rush to get funds repatriated before the penalty kicks in and less hoarding of money abroad in the future.
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