End Outsourcing Act
Latest action · Mar 10, 2020 Read twice and referred to the Committee on Finance.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 10, 2020
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
End Outsourcing Act
This bill addresses the outsourcing (transfer) of jobs and companies from the United States to low-tax foreign jurisdictions.
The bill (1) requires employers to include an outsourcing statement in worker adjustment and retraining notices; (2) denies employers a tax deduction for outsourcing expenses, including license fees and equipment installation costs; (3) allows a tax credit for similar insourcing expenses; (4) denies employers the use of certain favorable accounting methods and a deduction for interest paid on indebtedness; and (5) requires the recapture of certain tax credit amounts allowed to outsourcing employers.
The bill authorizes federal contracting officers to take the outsourcing of jobs from the United States into account in awarding contracts and grants and extending loans and loan guarantees to corporations.
Cosponsors 2
Members who signed on, in the order they did. All signed on Mar 10, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MI | Gary C. Peters | Original | Mar 10, 2020 |
| D-WI | Tammy Baldwin | Original | Mar 10, 2020 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Mar 10, 2020 |
Actions 2
Everything that happened, newest first.
- Mar 10, 2020Introduced in Senate
- Mar 10, 2020Read twice and referred to the Committee on Finance.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1513 | End Outsourcing Act | Reintroduced Bill | Apr 29, 2021 |
| HR 6121 | End Outsourcing Act | Identical bill | Mar 5, 2020 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to provide incentives for businesses to keep jobs in America, and for other purposes.
- Short Title(s) as Introduced
- End Outsourcing Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Accounting and auditing
- Administrative law and regulatory procedures
- Business investment and capital
- Congressional oversight
- Employee hiring
- Foreign and international corporations
- Government lending and loan guarantees
- Government studies and investigations
- Income tax credits
- Income tax deductions
- Interest, dividends, interest rates
- Labor-management relations
- Licensing and registrations
- Military procurement, research, weapons development
- Office of Management and Budget (OMB)
- Public contracts and procurement
- Taxation
- Taxation of foreign income
- U.S. territories and protectorates
- Unemployment
Text 1
Each version as it was printed, newest first.
- Mar 10, 2020Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
