The amount of offshore cash U.S. corporations have returned home so far this year is just a fraction of what President Donald Trump had promised.

A Morgan Stanley report released Thursday estimates that companies brought back between $50 billion and $100 billion in the third quarter—which would place the total amount repatriated back to the U.S. at around $514 billion. Companies repatriated $294.9 billion in the first quarter and $169.5 billion in the second quarter, according to previously released Commerce Department data.

The tax overhaul signed into law by Trump in December gives companies incentives to bring money back to the U.S. by offering a low one-time tax on repatriated profits. Under the new law, companies pay a repatriation tax of 15.5 percent on cash and 8 percent on non-cash or illiquid assets, whether or not they’re brought back onshore.

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