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S.2562: Bring Jobs Home Act

About this Bill

You can read the bill
Sponsor Debbie Stabenow, D-Mich.
Total Cosponsors 21 (All Democrats)
Introduced June 26, 2014
Latest Major Action July 7, 2014
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Bring Jobs Home Act - Amends the Internal Revenue Code to: (1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and  relocating it within the United States, and (2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer's employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.

(Source: Congressional Research Service)

Bill Actions

Date Description
July 7, 2014 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 451.
June 26, 2014 Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.