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Bring Jobs Home Act: Tax Credits for Inshoring, Penalties for Offshoring

This act aims to encourage companies to create jobs within the United States by offering tax credits for relocating business units from abroad. Conversely, companies moving jobs outside the U.S. will lose the ability to deduct related expenses. Citizens may experience a positive impact through potential job growth and economic stability.
Key points
Companies relocating business units to the U.S. will receive a 20% tax credit on eligible expenses.
Companies moving business units outside the U.S. will not be able to deduct related outsourcing expenses.
The act reinstates the deduction for moving expenses for individuals, potentially easing job-related relocations.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_2341
Sponsor: Rep. Pascrell, Bill, Jr. [D-NJ-9]
Process start date: 2021-04-01
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Bring Jobs Home Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2341.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-01.

What are the main provisions?

Key points include:

  • Companies relocating business units to the U.S. will receive a 20% tax credit on eligible expenses.
  • Companies moving business units outside the U.S. will not be able to deduct related outsourcing expenses.
  • The act reinstates the deduction for moving expenses for individuals, potentially easing job-related relocations.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Pascrell, Bill, Jr. [D-NJ-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Labor Economy