US Congress Senate Bill 2884 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on May 8 2012 - 25% progression, died in committee
Action: 2012-05-08 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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.

Bring Jobs Home Act

Sen. Debbie Stabenow [D-MI]	Sen. Richard Blumenthal [D-CT]	Sen. Sherrod Brown [D-OH]	Sen. Christopher Coons [D-DE]
Sen. Richard Durbin [D-IL]	Sen. Jeff Merkley [D-OR]	Sen. Charles Schumer [D-NY]	Sen. Sheldon Whitehouse [D-RI]

Date	Chamber	Action
2012-05-08	Senate	Read twice and referred to the Committee on Finance.

HB5542 (Related) 2012-05-08 - Referred to the House Committee on Ways and Means.
SB3364 (Same As) 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.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2884/all-info
Text	https://www.congress.gov/112/bills/s2884/BILLS-112s2884is.pdf