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HR 3812 114th Congress House

Stop Outsourcing and Create American Jobs Act of 2015

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: November 2, 2015 See on congress.gov
Taxation Budget deficits and national debtCorporate finance and managementFraud offenses and financial crimesPublic contracts and procurement
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Tax administration and collection, taxpayersTaxation of foreign incomeU.S. and foreign investmentsUnemployment
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Oct 22, 2015
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.
Oct 22, 2015
Introduced in House
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 Latest action October 22, 2015

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 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Sherman, Brad
California · Nov 2, 2015
 D
Takano, Mark
California · Oct 26, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3812: Stop Outsourcing and Create American Jobs Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-3812/
MLA
"H.R. 3812: Stop Outsourcing and Create American Jobs Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-3812/.
Bluebook (legal)
H.R. 3812, 114th Cong. (2026), https://openamerica.io/bill/114-HR-3812/.
Markdown link
[H.R. 3812: Stop Outsourcing and Create American Jobs Act of 2015](https://openamerica.io/bill/114-HR-3812/)
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