H.R. 5542 (112th): Bring Jobs Home Act

Introduced:
May 08, 2012 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
See Instead:

S. 3364 (same title)
Failed Cloture — Jul 19, 2012

H.R. 6152 (same title)
Referred to Committee — Jul 19, 2012

Sponsor
Bill Pascrell Jr.
Representative for New Jersey's 8th congressional district
Party
Democrat
Text
Read Text »
Last Updated
May 08, 2012
Length
13 pages
Related Bills
H.R. 851 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Feb 27, 2013

S. 3364 (Related)
Bring Jobs Home Act

Failed Cloture
Last Action: Jul 19, 2012

 
Status

This bill was introduced on May 8, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced May 08, 2012
Referred to Committee May 08, 2012
 
Full Title

To amend the Internal Revenue Code of 1986 to encourage domestic insourcing and discourage foreign outsourcing.

Summary

No summaries available.

Cosponsors
88 cosponsors (87D, 1R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/8/2012--Introduced.
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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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