US SB683 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on March 6 2019 - 25% progression, died in committee
Action: 2019-03-06 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 6 2019 - 25% progression, died in committee
Action: 2019-03-06 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishes in the National Highway Traffic Safety Administration the American Cars, American Jobs Program. Under the program, the Department of Transportation must issue vouchers of $3,500 to offset the purchase or lease price of a new automobile made in the United States if at least 45% of the automobile's parts come from the United States or Canada and assembly of the automobile occurs in the United States. The amount of the voucher for new qualified plug-in electric drive motor vehicles is $4,500. The bill amends the Internal Revenue Code to disallow a tax deduction for the global low-tax income of certain foreign subsidiaries of U.S. automakers whose profits exceed a specified percentage of their value.
Title
American Cars, American Jobs Act of 2019
Sponsors
Sen. Sherrod Brown [D-OH] | Sen. Catherine Cortez Masto [D-NV] | Sen. Richard Durbin [D-IL] |
History
Date | Chamber | Action |
---|---|---|
2019-03-06 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2510 (Same As) 2019-05-03 - Referred to the Subcommittee on Consumer Protection and Commerce.
Subjects
Administrative law and regulatory procedures
Buy American requirements
Canada
Consumer affairs
Corporate finance and management
Department of Transportation
Foreign and international corporations
Government information and archives
Hybrid, electric, and advanced technology vehicles
Income tax deductions
Lease and rental services
Manufacturing
Motor vehicles
Retail and wholesale trades
Taxation of foreign income
Transportation and public works
Unemployment
Buy American requirements
Canada
Consumer affairs
Corporate finance and management
Department of Transportation
Foreign and international corporations
Government information and archives
Hybrid, electric, and advanced technology vehicles
Income tax deductions
Lease and rental services
Manufacturing
Motor vehicles
Retail and wholesale trades
Taxation of foreign income
Transportation and public works
Unemployment
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/683/all-info |
Text | https://www.congress.gov/116/bills/s683/BILLS-116s683is.pdf |