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S 2139 116th Congress Senate Government Operations and Politics Administrative law and regulatory procedures Corporate finance and management Department of the Treasury Foreign and international corporations Military procurement, research, weapons development Public contracts and procurement

American Business for American Companies Act of 2019

Introduced: July 17, 2019 Introduced by: Durbin, Richard J. Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 17, 2019
Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S4909-4911)
Jul 17, 2019
Introduced in Senate
 Plain-English summary Congressional Research Service

American Business for American Companies Act of 2019

This bill prohibits an executive agency from awarding a contract for the procurement of property or services (including a defense contract) to (1) any foreign incorporated entity determined to be an inverted domestic corporation or any subsidiary of such entity, or (2) any joint venture more than 10% of which is held by such an entity or subsidiary. An inverted domestic corporation is a company that was previously incorporated in the United States or was a partnership in the United States but is now incorporated in a foreign country despite (1) a majority of the company being owned by the owners of the former domestic entity, or (2) management of the company primarily occurring in the United States.

What's happening now July 17, 2019

Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (text: CR S4909-4911)

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 3 Independent 1