Bring Jobs Home Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8506 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8506 To amend the Internal Revenue Code of 1986 to encourage domestic insourcing and discourage foreign outsourcing. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 22, 2024 Mr. Pascrell (for himself, Mr. Deluzio, and Mrs. Sykes) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to encourage domestic insourcing and discourage foreign outsourcing. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Bring Jobs Home Act''. SEC. 2. CREDIT FOR INSOURCING EXPENSES. (a) In General.--Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: ``SEC. 45BB. CREDIT FOR INSOURCING EXPENSES. ``(a) In General.--For purposes o…