3.0.0 2139 2022-11-01T13:50:35Z 2022-11-01T13:50:35Z Senate S 2019-07-17 116 ssga00 Homeland Security and Governmental Affairs Committee Senate Standing Referred to 2019-07-17T17:25:13Z American Business for American Companies Act of 2019 116 3802 HR 2019-07-17 Referred to the Committee on Oversight and Reform, and in addition to the Committee on 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. Identical bill CRS Stop Corporate Inversions Act of 2019 116 2140 S 2019-07-17 Read twice and referred to the Committee on Finance. (text: CR S4911-4912) Related bill CRS 2019-07-17 ssga00 Homeland Security and Governmental Affairs Committee Senate Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S4909-4911) IntroReferral 2019-07-17 Introduced in Senate IntroReferral 10000 9 Library of Congress D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. N R000122 Sen. Reed, Jack [D-RI] John Reed D RI F. 2019-07-17 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2019-07-17 True D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2019-07-17 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2019-07-17 True Government Operations and Politics Administrative law and regulatory procedures Corporate finance and management Department of the Treasury Foreign and international corporations Military procurement, research, weapons development Public contracts and procurement Government Operations and Politics 00 2019-07-17 Introduced in Senate 2020-08-20T16:20:56Z American Business for American Companies Act of 2019

This bill prohibits an executive agency from awarding a contract for the procurement of property or services (including a defense contract) to (1) any foreign incorporated entity determined to be an inverted domestic corporation or any subsidiary of such entity, or (2) any joint venture more than 10% of which is held by such an entity or subsidiary. An inverted domestic corporation is a company that was previously incorporated in the United States or was a partnership in the United States but is now incorporated in a foreign country despite (1) a majority of the company being owned by the owners of the former domestic entity, or (2) management of the company primarily occurring in the United States.

]]> American Business for American Companies Act of 2019 Display Title American Business for American Companies Act of 2019 Short Title(s) as Introduced American Business for American Companies Act of 2019 Introduced in Senate IS Official Title as Introduced A bill to prohibit the award of Federal Government contracts to inverted domestic corporations, and for other purposes. Introduced in Senate IS Introduced in Senate 2019-07-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s2139is/xml/BILLS-116s2139is.xml 2019-07-17 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S4909-4911) 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.