US HB5542 | 2011-2012 | 112th Congress

US Congress House Bill 5542 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Democrat 88-1)
Status: Introduced on May 8 2012 - 25% progression, died in committee
Action: 2012-05-08 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Bring Jobs Home Act - Amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.

Title

Bring Jobs Home Act

Sponsors

Rep. Bill Pascrell [D-NJ]	Rep. Robert Andrews [D-NJ]	Rep. Joe Baca [D-CA]	Sen. Tammy Baldwin [D-WI]
Rep. Xavier Becerra [D-CA]	Rep. Shelley Berkley [D-NV]	Rep. Sanford Bishop [D-GA]	Rep. Timothy Bishop [D-NY]
Rep. Earl Blumenauer [D-OR]	Rep. Suzanne Bonamici [D-OR]	Rep. Leonard Boswell [D-IA]	Rep. Robert Brady [D-PA]
Rep. Andre Carson [D-IN]	Rep. David Cicilline [D-RI]	Rep. Hansen Clarke [D-MI]	Rep. John Conyers [D-MI]
Rep. Jerry Costello [D-IL]	Rep. Mark Critz [D-PA]	Rep. Joseph Crowley [D-NY]	Rep. Peter DeFazio [D-OR]
Rep. John Dingell [D-MI]	Rep. Lloyd Doggett [D-TX]	Rep. Michael Doyle [D-PA]	Rep. Donna Edwards [D-MD]
Rep. Keith Ellison [D-MN]	Rep. Sam Farr [D-CA]	Rep. Bob Filner [D-CA]	Rep. Marcia Fudge [D-OH]
Rep. Gene Green [D-TX]	Rep. Alcee Hastings [D-FL]	Sen. Martin Heinrich [D-NM]	Rep. Brian Higgins [D-NY]
Rep. Kathleen Hochul [D-NY]	Rep. Rush Holt [D-NJ]	Rep. Michael Honda [D-CA]	Rep. Steve Israel [D-NY]
Rep. Marcy Kaptur [D-OH]	Rep. William Keating [D-MA]	Rep. Ron Kind [D-WI]	Rep. Larry Kissell [D-NC]
Rep. Dennis Kucinich [D-OH]	Rep. Rick Larsen [D-WA]	Rep. John Larson [D-CT]	Rep. Steven LaTourette [R-OH]
Rep. Sander Levin [D-MI]	Rep. John Lewis [D-GA]	Rep. Daniel Lipinski [D-IL]	Rep. David Loebsack [D-IA]
Rep. Nita Lowey [D-NY]	Rep. Stephen Lynch [D-MA]	Rep. Carolyn Maloney [D-NY]	Rep. Carolyn McCarthy [D-NY]
Rep. Betty McCollum [D-MN]	Rep. Jim McDermott [D-WA]	Rep. James McGovern [D-MA]	Rep. Michael Michaud [D-ME]
Rep. George Miller [D-CA]	Sen. Christopher Murphy [D-CT]	Rep. Grace Napolitano [D-CA]	Rep. Richard Neal [D-MA]
Rep. Eleanor Norton [D-DC]	Rep. William Owens [D-NY]	Rep. Frank Pallone [D-NJ]	Rep. Ed Perlmutter [D-CO]
Sen. Gary Peters [D-MI]	Rep. Chellie Pingree [D-ME]	Rep. Nick Rahall [D-WV]	Rep. Charles Rangel [D-NY]
Rep. C.A. Ruppersberger [D-MD]	Rep. Tim Ryan [D-OH]	Rep. Linda Sanchez [D-CA]	Rep. Loretta Sanchez [D-CA]
Rep. John Sarbanes [D-MD]	Rep. Janice Schakowsky [D-IL]	Sen. Adam Schiff [D-CA]	Rep. Kurt Schrader [D-OR]
Rep. Allyson Schwartz [D-PA]	Rep. Robert Scott [D-VA]	Rep. Terri Sewell [D-AL]	Rep. Louise Slaughter [D-NY]
Rep. Jackie Speier [D-CA]	Rep. Fortney Stark [D-CA]	Rep. Betty Sutton [D-OH]	Rep. Mike Thompson [D-CA]
Rep. John Tierney [D-MA]	Rep. Paul Tonko [D-NY]	Rep. Niki Tsongas [D-MA]	Rep. Timothy Walz [D-MN]
Rep. Debbie Wasserman Schultz [D-FL]

History

Date	Chamber	Action
2012-05-08	House	Referred to the House Committee on Ways and Means.

Same As/Similar To

SB2884 (Related) 2012-05-08 - Read twice and referred to the Committee on Finance.
SB3364 (Related) 2012-07-19 - Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 56 - 42. Record Vote Number: 181. (consideration: CR S5189; text: CR S5189)
HB6152 (Related) 2012-07-19 - Referred to the House Committee on Ways and Means.