Legis Daily

American Cars, American Jobs Act of 2019

USA116th CongressS-683| Senate 
| Updated: 3/6/2019
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (2)
Catherine Cortez Masto (Democratic)Richard J. Durbin (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
American Cars, American Jobs Act of 2019 This bill establishes in the National Highway Traffic Safety Administration the American Cars, American Jobs Program. Under the program, the Department of Transportation must issue vouchers of $3,500 to offset the purchase or lease price of a new automobile made in the United States if at least 45% of the automobile's parts come from the United States or Canada and assembly of the automobile occurs in the United States. The amount of the voucher for new qualified plug-in electric drive motor vehicles is $4,500. The bill amends the Internal Revenue Code to disallow a tax deduction for the global low-tax income of certain foreign subsidiaries of U.S. automakers whose profits exceed a specified percentage of their value.
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Timeline
Mar 6, 2019
Introduced in Senate
Mar 6, 2019
Read twice and referred to the Committee on Finance.
May 3, 2019

Latest Companion Bill Action

HR 116-2510
Referred to the Subcommittee on Consumer Protection and Commerce.
  • March 6, 2019
    Introduced in Senate


  • March 6, 2019
    Read twice and referred to the Committee on Finance.


  • May 3, 2019

    Latest Companion Bill Action

    HR 116-2510
    Referred to the Subcommittee on Consumer Protection and Commerce.

Transportation and Public Works

Related Bills

  • HR 116-2510: American Cars, American Jobs Act of 2019
Administrative law and regulatory proceduresBuy American requirementsCanadaConsumer affairsCorporate finance and managementDepartment of TransportationForeign and international corporationsGovernment information and archivesHybrid, electric, and advanced technology vehiclesIncome tax deductionsLease and rental servicesManufacturingMotor vehiclesRetail and wholesale tradesTaxation of foreign incomeUnemployment

American Cars, American Jobs Act of 2019

USA116th CongressS-683| Senate 
| Updated: 3/6/2019
American Cars, American Jobs Act of 2019 This bill establishes in the National Highway Traffic Safety Administration the American Cars, American Jobs Program. Under the program, the Department of Transportation must issue vouchers of $3,500 to offset the purchase or lease price of a new automobile made in the United States if at least 45% of the automobile's parts come from the United States or Canada and assembly of the automobile occurs in the United States. The amount of the voucher for new qualified plug-in electric drive motor vehicles is $4,500. The bill amends the Internal Revenue Code to disallow a tax deduction for the global low-tax income of certain foreign subsidiaries of U.S. automakers whose profits exceed a specified percentage of their value.
View Full Text

Suggested Questions

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

Timeline
Mar 6, 2019
Introduced in Senate
Mar 6, 2019
Read twice and referred to the Committee on Finance.
May 3, 2019

Latest Companion Bill Action

HR 116-2510
Referred to the Subcommittee on Consumer Protection and Commerce.
  • March 6, 2019
    Introduced in Senate


  • March 6, 2019
    Read twice and referred to the Committee on Finance.


  • May 3, 2019

    Latest Companion Bill Action

    HR 116-2510
    Referred to the Subcommittee on Consumer Protection and Commerce.
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (2)
Catherine Cortez Masto (Democratic)Richard J. Durbin (Democratic)

Finance Committee

Transportation and Public Works

Related Bills

  • HR 116-2510: American Cars, American Jobs Act of 2019
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresBuy American requirementsCanadaConsumer affairsCorporate finance and managementDepartment of TransportationForeign and international corporationsGovernment information and archivesHybrid, electric, and advanced technology vehiclesIncome tax deductionsLease and rental servicesManufacturingMotor vehiclesRetail and wholesale tradesTaxation of foreign incomeUnemployment