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HR 2740 113th Congress House

Stop Outsourcing and Create American Jobs Act of 2013

Official title: To amend the Internal Revenue Code of 1986 to provide for the identification of corporate tax haven countries and increased penalties for tax evasion practices… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to provide for the identification of corporate tax haven countries and increased penalties for tax evasion practices in haven countries that ship United States jobs overseas, and for other purposes.

Introduced: August 2, 2013 See on congress.gov
Taxation Budget deficits and national debtCorporate finance and managementFraud offenses and financial crimesPublic contracts and procurement
More subjectsShow fewer subjects
Tax administration and collection, taxpayersTaxation of foreign incomeU.S. and foreign investmentsUnemployment
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Jul 18, 2013
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.
Jul 18, 2013
Introduced in House
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 Latest action July 18, 2013

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.

 Plain-English summary Congressional Research Service

Stop Outsourcing and Create American Jobs Act of 2013 - Directs the Secretary of the Treasury to develop and publish a list of countries that are tax havens for corporations.

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.

Grants a preference in the award of federal contracts to contractors who have not engaged in outsourcing. 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.

Requires revenues generated by this Act to be set aside for the reduction of the public debt.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2
D
Pocan, Mark
Wisconsin · Aug 2, 2013
Bishop, Timothy
· Jul 18, 2013
 D
Peters, Gary C.
Michigan · Jul 18, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2740: Stop Outsourcing and Create American Jobs Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-HR-2740/
MLA
"H.R. 2740: Stop Outsourcing and Create American Jobs Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-2740/.
Bluebook (legal)
H.R. 2740, 113th Cong. (2026), https://openamerica.io/bill/113-HR-2740/.
Markdown link
[H.R. 2740: Stop Outsourcing and Create American Jobs Act of 2013](https://openamerica.io/bill/113-HR-2740/)
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