3.0.0 508 2025-04-07T13:22:01Z 2025-04-07T13:22:01Z House H HR 2025-01-16 119 <pre>[Congressional Record Volume 171, Number 9 (Thursday, January 16, 2025)][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. 508.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1[Page H222]</pre> hswm00 Ways and Means Committee House Standing Referred To 2025-01-16T14:04:30Z 2025-01-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2025-01-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2025-01-16 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 2025-02-19T20:05:14Z

00 2025-01-16 Introduced in House 2025-04-07T13:16:44Z <p><strong>Bring American Companies Home Act </strong></p><p>This bill requires the Department of the Treasury to establish a program and regulations allowing U.S. persons (U.S. citizens or residents, domestic partnerships or corporations, or estates and trusts) to deduct in the tax year incurred costs of moving inventory, equipment, and supplies used in a trade or business from China to the United States.</p><p>The bill also</p><ul><li>establishes a trust fund and appropriates to such fund tariff amounts collected by the United States on goods manufactured in China,</li><li>appropriates from such trust fund to the general fund of the Treasury amounts equivalent to the reduction in revenue resulting from the tax deduction, and</li><li>requires amounts to be transferred between funds at least monthly.<em></em></li></ul>

Display Title 45 2025-02-13T06:53:16Z Short Title(s) as Introduced 101 2025-02-13T06:53:16Z Introduced in House IH Official Title as Introduced 6 2025-02-13T06:48:26Z Introduced in House IH Introduced in House 2025-01-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119hr508ih/xml/BILLS-119hr508ih.xml 2025-01-16 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.