3.0.0 1676 2025-06-26T17:13:22Z 2025-06-26T17:13:22Z House H HR 2023-03-21 118 <pre>[Congressional Record Volume 169, Number 51 (Tuesday, March 21, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. GREEN of Tennessee:H.R. 1676.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1The single subject of this legislation is:This bill directs the Department of the Treasury toestablish a program to treat amounts paid by U.S citizens orbusiness entities to move their inventory, equipment, andsupplies from China to the United States as items of expense,deductible in the year in which they are incurred. The costof this expensing allowance shall be paid for with tariffscollected by the United States on goods manufactured inChina.[Page H1301]</pre> hswm00 Ways and Means Committee House Standing Referred To 2023-03-21T21:03:10Z 2023-03-21 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-03-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-03-21 Introduced in House IntroReferral 1000 9 Library of Congress G000590 Rep. Green, Mark E. [R-TN-7] Mark Green R TN E. 7 N Taxation Taxation 2023-04-07T18:30:24Z

00 2023-03-21 Introduced in House 2023-04-10T18:44:47Z <p><strong>Bring American Companies Home Act </strong> </p> <p>This bill allows United States persons (i.e., U.S. citizens or residents, partnerships, corporations, estates and trusts) to expense the cost of moving inventory, equipment, and supplies from China to the United States. <em>Expensing </em>is the tax rule that allows a taxpayer to deduct costs in the year in which they are incurred.</p>

Display Title 45 2024-07-24T15:23:15Z Short Title(s) as Introduced 101 2024-05-24T13:41:34Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:29:18Z Introduced in House IH Introduced in House 2023-03-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr1676ih/xml/BILLS-118hr1676ih.xml 2023-03-21 Referred to the House Committee on Ways and Means. 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.