A bill to amend the Internal Revenue Code of 1954 to deny any deduction or credit to any manufacturer of any breast milk substitute for any activity which is not consistent with the International Code of Marketing of Breast milk Substitutes.

Amends the Internal Revenue Code to disallow any income tax deductions for activities of manufacturers of breastmilk substitutes which are inconsistent with the International Code of Marketing Breastmilk Substitutes as adopted by the World Health Organization. Reduces the amount of the foreign tax credit of manufacturers who violate such Code.