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American Business for American Companies Act: Restricting Contracts for Tax-Inverted Firms

This bill prevents companies that move their legal headquarters abroad to avoid US taxes from receiving federal government contracts. It ensures that taxpayer money supports businesses that remain fully committed to the American economy.
Key points
Prohibits federal agencies from awarding contracts to 'inverted' corporations that moved abroad for tax reasons.
Applies to both civilian and military procurement projects.
Restricts large subcontracts to ensure tax-avoiding firms don't benefit indirectly.
Allows waivers only for critical national security or public health needs.
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Status: Introduced
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Additional Information
Print number: 119_HR_7424
Sponsor: Rep. DeLauro, Rosa L. [D-CT-3]
Process start date: 2026-02-09
System Note: Lustra is free, publicly auditable civic infrastructure — 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-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

American Business for American Companies Act of 2026

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_7424.

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 2026-02-09.

What are the main provisions?

Key points include:

  • Prohibits federal agencies from awarding contracts to 'inverted' corporations that moved abroad for tax reasons.
  • Applies to both civilian and military procurement projects.
  • Restricts large subcontracts to ensure tax-avoiding firms don't benefit indirectly.
  • Allows waivers only for critical national security or public health needs.
What is the specific legal status?

The current status is Introduced.

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. DeLauro, Rosa L. [D-CT-3].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-02-23.

What is the impact of this bill?

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.

CATEGORIES

Economy Taxes Security