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United States · Bill · HR

H.R. 1785 (117th)

No Tax Breaks for Outsourcing Act

referredUnited States· United States Congress· EN

Introduced

11 March 2021

Last action

11 March 2021 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Doggett, Lloyd [D-TX-37], Rep. Barragán, Nanette Diaz [D-CA-44], Rep. Beatty, Joyce [D-OH-3], Rep. Blumenauer, Earl [D-OR-3], Rep. Bonamici, Suzanne [D-OR-1], Rep. Boyle, Brendan F. [D-PA-2], Rep. Bustos, Cheri [D-IL-17], Rep. Chu, Judy [D-CA-28], Rep. Cicilline, David N. [D-RI-1], Rep. Cleaver, Emanuel [D-MO-5], Rep. Cohen, Steve [D-TN-9], Rep. Cooper, Jim [D-TN-5], Rep. Courtney, Joe [D-CT-2], Rep. Crist, Charlie [D-FL-13], Rep. Crow, Jason [D-CO-6], Rep. Davis, Danny K. [D-IL-7], Rep. DeFazio, Peter A. [D-OR-4], Rep. DeLauro, Rosa L. [D-CT-3], Rep. DeSaulnier, Mark [D-CA-10], Rep. Deutch, Theodore E. [D-FL-22], Rep. Dingell, Debbie [D-MI-6], Rep. Doyle, Michael F. [D-PA-14], Rep. Eshoo, Anna G. [D-CA-18], Rep. Espaillat, Adriano [D-NY-13], Rep. Evans, Dwight [D-PA-3], Rep. Foster, Bill [D-IL-11], Sen. Gallego, Ruben [D-AZ], Rep. Garamendi, John [D-CA-8], Rep. García, Jesús G. "Chuy" [D-IL-4], Rep. Gomez, Jimmy [D-CA-34], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Hastings, Alcee L. [D-FL-20], Rep. Hayes, Jahana [D-CT-5], Rep. Higgins, Brian [D-NY-26], Rep. Huffman, Jared [D-CA-2], Rep. Jackson Lee, Sheila [D-TX-18], Rep. Jayapal, Pramila [D-WA-7], Rep. Jeffries, Hakeem S. [D-NY-8], Rep. Johnson, Eddie Bernice [D-TX-30], Rep. Johnson, Henry C. "Hank" [D-GA-4], Rep. Kaptur, Marcy [D-OH-9], Rep. Kelly, Robin L. [D-IL-2], Rep. Khanna, Ro [D-CA-17], Sen. Kim, Andy [D-NJ], Rep. Kirkpatrick, Ann [D-AZ-2], Rep. Langevin, James R. [D-RI-2], Rep. Lamb, Conor [D-PA-17], Rep. Lawrence, Brenda L. [D-MI-14]

Subjects

Taxation

Source updated

10 January 2026

Taxation

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Summary

No Tax Breaks for Outsourcing Act This bill modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that modify calculations of the gross income of U.S. shareholders to include net CFC tested income in the current taxable year, apply limitations on the foreign tax credit on a country-by-country basis, limit the tax deduction for the interest expense of a U.S. corporation that is a member of a financial reporting group (i.e., a group that prepares consolidated financial statements according to generally accepted accounting principles or international financial reporting standards), modify the rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States), and treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 11 March 2021

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 11 March 2021

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 11 March 2021

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 11 March 2021

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  • Introduced in House (PDF)

    Introduced in House · EN · 11 March 2021

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  • Introduced in House

    summary · EN · 11 March 2021

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Sponsors

Showing 48 of 131 sponsors and actors.

Related records

Sources

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