HOUSE 1676118th CongressReferred to the House Committee on Ways and Means.

Bring American Companies Home Act

Last Action: 3/21/2023

Actions

2023-03-21Referred to the House Committee on Ways and Means.
2023-03-21Introduced in House
2023-03-21Introduced in House

CRS Summary

As of 2023-03-21 (00)

Bring American Companies Home Act

This bill allows United States persons (i.e., U.S. citizens or residents, partnerships, corporations, estates and trusts) to expense the cost of moving inventory, equipment, and supplies from China to the United States. Expensing is the tax rule that allows a taxpayer to deduct costs in the year in which they are incurred.

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