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H.R. 3648 103rd Congress House

Jobs Friendly America Act

Official title: To amend the Internal Revenue Code of 1986 to provide investment incentives for any corporation with a majority of its manufacturing operations in the United States.

Introduced: November 22, 1993 See on congress.gov
Taxation Buy AmericanCapital gains taxCommerceCorporation taxes
More subjectsShow fewer subjects
Depreciation and amortizationEarningsForeign Trade and International FinanceForeign corporationsForeign investmentsIncome taxManufacturing industriesProduct developmentTax deductionsTax deferralTax ratesTaxation of foreign income
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 22, 1993
Referred to the House Committee on Ways and Means.
Nov 22, 1993
Introduced in House
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 Latest action November 22, 1993

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Jobs Friendly America Act - Amends the Internal Revenue Code to allow accelerated depreciation for equipment used by any corporation having a majority of its manufacturing equipment in the United States.

Reduces corporate and individual capital gains rates.

Repeals the deferral on earnings of controlled foreign corporations invested in excess passive assets.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · Nov 22, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3648: Jobs Friendly America Act. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-3648/
MLA
"H.R. 3648: Jobs Friendly America Act." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-3648/.
Bluebook (legal)
H.R. 3648, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-3648/.
Markdown link
[H.R. 3648: Jobs Friendly America Act](https://openamerica.io/bill/103-HR-3648/)
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