Legis Daily

End Outsourcing Act

USA117th CongressS-1513| Senate 
| Updated: 4/29/2021
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

Bill from Previous Congress

S 116-3425
End Outsourcing Act
Apr 21, 2021

Latest Companion Bill Action

HR 117-2745
Introduced in House
Apr 29, 2021
Introduced in Senate
Apr 29, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-3425
    End Outsourcing Act


  • April 21, 2021

    Latest Companion Bill Action

    HR 117-2745
    Introduced in House


  • April 29, 2021
    Introduced in Senate


  • April 29, 2021
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 117-2745: End Outsourcing Act
  • HR 117-2341: Bring Jobs Home 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

USA117th CongressS-1513| Senate 
| Updated: 4/29/2021
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

Bill from Previous Congress

S 116-3425
End Outsourcing Act
Apr 21, 2021

Latest Companion Bill Action

HR 117-2745
Introduced in House
Apr 29, 2021
Introduced in Senate
Apr 29, 2021
Read twice and referred to the Committee on Finance.
  • Bill from Previous Congress

    S 116-3425
    End Outsourcing Act


  • April 21, 2021

    Latest Companion Bill Action

    HR 117-2745
    Introduced in House


  • April 29, 2021
    Introduced in Senate


  • April 29, 2021
    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 117-2745: End Outsourcing Act
  • HR 117-2341: Bring Jobs Home 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