Stop Outsourcing and Create American Jobs Act of 2015

Summary

Stop Outsourcing and Create American Jobs Act of 2015 This bill directs the Department of the Treasury to develop and publish a list of countries that are tax havens for corporations. The bill amends the Internal Revenue Code to increase the penalties on corporations for: (1) underpayment of tax involving an undisclosed foreign financial asset located in a tax haven country; (2) reportable transaction understatements involving transactions in a tax haven country; and (3) fraud, tax evasion, or false statements involving transactions in a tax haven country. The bill: (1) grants a preference in the award of federal contracts to contractors who have not engaged in outsourcing, and (2) defines "outsourcing" as the laying off of a U.S. worker from a job and the hiring or contracting for the same job to be performed in a foreign country. Revenues generated by this Act must be set aside for the reduction of the public debt.

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

Timeline

1. 22 October 2015

   Introduced

   Introduced in House

   Source: IntroReferral

2. 22 October 2015

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 22 October 2015

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

4. 22 October 2015

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 22 October 2015 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 October 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 22 October 2015

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 22 October 2015

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. McNerney, Jerry [D-CA-9] · D · Sponsor
• Rep. Lee, Barbara [D-CA-12] · D · Sponsor
• Rep. Takano, Mark [D-CA-39] · D · Cosponsor
• Rep. DeFazio, Peter A. [D-OR-4] · D · Cosponsor
• Rep. Sherman, Brad [D-CA-32] · D · Cosponsor
• · hsgo00 · Standing
• · hswm00 · Standing

Related records

• related to → Stop Outsourcing and Create American Jobs Act of 2017