HOUSE 2745117th CongressReferred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

End Outsourcing Act

Last Action: 4/21/2021

Actions

2021-04-21Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-04-21Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-04-21Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-04-21Referred to the Committee on Ways and Means, and in addition to the Committees on Education and Labor, Oversight and Reform, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-04-21Introduced in House
2021-04-21Introduced in House

CRS Summary

As of 2021-04-21 (00)

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.

Cosponsors (7)

Jesus Garcia (D-IL)
Ro Khanna (D-CA)
Stephen Lynch (D-MA)
ELEANOR NORTON (D-DC)
JANICE SCHAKOWSKY (D-IL)
Mark DeSaulnier (D-CA)
Mondaire Jones (D-NY)

Subjects

Accounting and auditing
Administrative law and regulatory procedures
Business investment and capital
Congressional oversight
Employee hiring
Foreign and international corporations
Government lending and loan guarantees
Government studies and investigations
Income tax credits
Income tax deductions
Interest, dividends, interest rates
Labor-management relations
Licensing and registrations
Military procurement, research, weapons development
Office of Management and Budget (OMB)
Public contracts and procurement
Taxation of foreign income
U.S. territories and protectorates
Unemployment

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