3.0.0 2740 2023-01-11T13:24:31Z 2023-01-11T13:24:31Z House H HR 2013-07-18 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McNERNEY:H.R. 2740.Congress has the power to enact this legislation pursuantto the following:Article I, section 8 of the United States Constitution.[Page H4726]]]> hsgo00 Oversight and Accountability Committee House Standing Referred to 2013-07-18T14:02:00Z hswm00 Ways and Means Committee House Standing Referred to 2013-07-18T14:01:50Z 2013-07-18 Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, 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. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2013-07-18 Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-07-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-07-18 Introduced in House IntroReferral 1000 9 Library of Congress M001166 Rep. McNerney, Jerry [D-CA-9] Jerry McNerney D CA 9 N B001242 Rep. Bishop, Timothy H. [D-NY-1] Timothy Bishop D NY H. 1 2013-07-18 True P000595 Rep. Peters, Gary C. [D-MI-14] Gary Peters D MI 14 2013-07-18 True C001090 Rep. Cartwright, Matt [D-PA-17] Matt Cartwright D PA 17 2013-07-18 True P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2013-08-02 False Taxation Budget deficits and national debt Corporate finance and management Fraud offenses and financial crimes Public contracts and procurement Tax administration and collection, taxpayers Taxation of foreign income U.S. and foreign investments Unemployment Taxation 00 2013-07-18 Introduced in House 2013-08-13T20:11:32Z Stop Outsourcing and Create American Jobs Act of 2013 - Directs the Secretary of the Treasury to develop and publish a list of countries that are tax havens for corporations.

Amends the Internal Revenue Code to increase the penalties on corporations for: (1) underpayment of tax involving an undisclosed foreign financial asset located in a tax haven country; (2) reportable transaction understatements involving transactions in a tax haven country; and (3) fraud, tax evasion, or false statements involving transactions in a tax haven country.

Grants a preference in the award of federal contracts to contractors who have not engaged in outsourcing. Defines "outsourcing" as the laying off of a U.S. worker from a job and the hiring or contracting for the same job to be performed in a foreign country.

Requires revenues generated by this Act to be set aside for the reduction of the public debt.

]]> Stop Outsourcing and Create American Jobs Act of 2013 Display Title Stop Outsourcing and Create American Jobs Act of 2013 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for the identification of corporate tax haven countries and increased penalties for tax evasion practices in haven countries that ship United States jobs overseas, and for other purposes. Introduced in House IH Short Titles as Introduced Stop Outsourcing and Create American Jobs Act of 2013 Introduced in House 2013-07-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr2740ih/xml/BILLS-113hr2740ih.xml 2013-07-18 Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.