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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.
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Status:
Expired
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Additional Information
Bring Jobs Home Act
Print number: HR 2341
Sponsor: Rep. Pascrell, Bill, Jr. [D-NJ-9]
Process start date: 2021-04-01
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

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

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of HR 2341

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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