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Tax Changes: Ending Incentives for Outsourcing Jobs Abroad

This bill aims to discourage companies from moving jobs overseas. It modifies foreign income tax rules by eliminating tax-free investment returns and requiring per-country tax calculations for foreign subsidiaries. This means companies might pay more taxes if they outsource, encouraging them to keep jobs within the United States.
Key points
No more tax breaks for foreign investments: Companies will no longer get special tax benefits for income from investments outside the U.S.
Taxes calculated per country: Foreign income will be taxed separately for each country, making it harder to avoid paying taxes.
Encouraging U.S. job retention: The goal is to discourage companies from moving production and jobs abroad.
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Status:
Expired
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Additional Information
Removing Incentives for Outsourcing Act
Print number: S 20
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2021-01-22
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 Tax Changes: Ending Incentives for Outsourcing Jobs Abroad

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 S 20.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-01-22.

What are the main provisions?

Key points include:

  • No more tax breaks for foreign investments: Companies will no longer get special tax benefits for income from investments outside the U.S.
  • Taxes calculated per country: Foreign income will be taxed separately for each country, making it harder to avoid paying taxes.
  • Encouraging U.S. job retention: The goal is to discourage companies from moving production and jobs abroad.

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 Sen. Klobuchar, Amy [D-MN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

Analysis and Potential Impact of S 20

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.

CATEGORIES

Taxes Economy