Legis Daily

End Outsourcing Act

USA116th CongressS-3425| Senate 
| Updated: 3/10/2020
Kirsten E. Gillibrand

Kirsten E. Gillibrand

Democratic Senator

New York

Cosponsors (2)
Tammy Baldwin (Democratic)Gary C. Peters (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Mar 5, 2020

Latest Companion Bill Action

HR 116-6121
Introduced in House
Mar 10, 2020
Introduced in Senate
Mar 10, 2020
Read twice and referred to the Committee on Finance.
  • March 5, 2020

    Latest Companion Bill Action

    HR 116-6121
    Introduced in House


  • March 10, 2020
    Introduced in Senate


  • March 10, 2020
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-6121: End Outsourcing Act
Accounting and auditingAdministrative law and regulatory proceduresBusiness investment and capitalCongressional oversightEmployee hiringForeign and international corporationsGovernment lending and loan guaranteesGovernment studies and investigationsIncome tax creditsIncome tax deductionsInterest, dividends, interest ratesLabor-management relationsLicensing and registrationsMilitary procurement, research, weapons developmentOffice of Management and Budget (OMB)Public contracts and procurementTaxation of foreign incomeUnemploymentU.S. territories and protectorates

End Outsourcing Act

USA116th CongressS-3425| Senate 
| Updated: 3/10/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 5, 2020

Latest Companion Bill Action

HR 116-6121
Introduced in House
Mar 10, 2020
Introduced in Senate
Mar 10, 2020
Read twice and referred to the Committee on Finance.
  • March 5, 2020

    Latest Companion Bill Action

    HR 116-6121
    Introduced in House


  • March 10, 2020
    Introduced in Senate


  • March 10, 2020
    Read twice and referred to the Committee on Finance.
Kirsten E. Gillibrand

Kirsten E. Gillibrand

Democratic Senator

New York

Cosponsors (2)
Tammy Baldwin (Democratic)Gary C. Peters (Democratic)

Finance Committee

Taxation

Related Bills

  • HR 116-6121: End Outsourcing Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingAdministrative law and regulatory proceduresBusiness investment and capitalCongressional oversightEmployee hiringForeign and international corporationsGovernment lending and loan guaranteesGovernment studies and investigationsIncome tax creditsIncome tax deductionsInterest, dividends, interest ratesLabor-management relationsLicensing and registrationsMilitary procurement, research, weapons developmentOffice of Management and Budget (OMB)Public contracts and procurementTaxation of foreign incomeUnemploymentU.S. territories and protectorates