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United States · Bill · HR

H.R. 1676 (118th)

Bring American Companies Home Act

referredUnited States· United States Congress· EN

Introduced

21 March 2023

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

26 June 2025

Summary

Bring American Companies Home Act This bill allows United States persons (i.e., U.S. citizens or residents, partnerships, corporations, estates and trusts) to expense the cost of moving inventory, equipment, and supplies from China to the United States. Expensing is the tax rule that allows a taxpayer to deduct costs in the year in which they are incurred.

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Documents

3 official files

Introduced in House (text)

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Sources

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