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HR 884 118th Congress House Taxation

No Tax Breaks for Outsourcing Act

Introduced: March 23, 2023 Introduced by: Doggett, Lloyd Democratic · Texas See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Feb 9, 2023
Referred to the House Committee on Ways and Means.
Feb 9, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

No Tax Breaks for Outsourcing Act

This bill modifies the tax treatment of the foreign source income of domestic corporations. The bill includes provisions that

  • modify calculations of the gross income of U.S. shareholders to include net controlled foreign corporation (CFC) tested income in the current taxable year;
  • apply limitations on the foreign tax credit on a country-by-country basis;
  • limit the tax deduction for the interest expense of a U.S. corporation that is a member of an international financial reporting group (i.e., a group that prepares consolidated financial statements according to generally accepted accounting principles or international financial reporting standards);
  • modify the rules for the taxation of inverted corporations (i.e., U.S. corporations that acquire foreign companies to reincorporate in a foreign jurisdiction with income tax rates lower than the United States); and
  • treat certain foreign corporations managed and controlled primarily in the United States as domestic corporations for tax purposes.
What's happening now February 9, 2023

Referred to the House Committee on Ways and Means.

 Related & companion bills 3
  • S 4275 Related bill Stop Corporate Inversions Act of 2024
  • HR 8268 Related bill Stop Corporate Inversions Act of 2024
  • S 357 Identical bill No Tax Breaks for Outsourcing Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 3

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

 Cosponsors 132
All 132 Democratic 119
D
Kennedy, Timothy M.
New York · Sep 23, 2024
 D
Brownley, Julia
California · Jul 10, 2024
Caraveo, Yadira
· Jul 9, 2024
 D
DelBene, Suzan K.
Washington · Jul 9, 2024
 D
Wasserman Schultz, Debbie
Florida · Jul 9, 2024
 D
Menendez, Robert
New Jersey · Apr 10, 2024
 D
Perez, Marie Gluesenkamp
Washington · Feb 28, 2024
 D
Davis, Donald G.
North Carolina · Feb 14, 2024
 D
Jackson, Jonathan L.
Illinois · Feb 14, 2024
 D
Sykes, Emilia Strong
Ohio · Feb 14, 2024
Jackson, Jeff
· Jan 30, 2024
 D
Torres, Ritchie
New York · Nov 28, 2023
 D
Levin, Mike
California · Nov 13, 2023
 D
Smith, Adam
Washington · Nov 6, 2023
 D
Sorensen, Eric
Illinois · Nov 6, 2023
 D
Horsford, Steven
Nevada · Oct 26, 2023
 D
Crockett, Jasmine
Texas · Sep 13, 2023
 D
Foushee, Valerie P.
North Carolina · Jul 13, 2023
 D
Blunt Rochester, Lisa
Delaware · Jun 20, 2023
Payne, Donald
· Jun 14, 2023
 D
McGarvey, Morgan
Kentucky · Apr 28, 2023
Eshoo, Anna
· Apr 25, 2023
 D
Goldman, Daniel S.
New York · Apr 25, 2023
 D
Lee, Summer L.
Pennsylvania · Apr 25, 2023
 D
Thanedar, Shri
Michigan · Apr 25, 2023
 D
Trahan, Lori
Massachusetts · Apr 25, 2023
 D
Magaziner, Seth
Rhode Island · Mar 23, 2023
 D
Ryan, Patrick
New York · Mar 23, 2023
 D
Landsman, Greg
Ohio · Mar 9, 2023
 D
Ramirez, Delia C.
Illinois · Mar 9, 2023
 D
Balint, Becca
Vermont · Feb 17, 2023
 D
Ross, Deborah K.
North Carolina · Feb 17, 2023
 D
Pressley, Ayanna
Massachusetts · Feb 14, 2023
 D
Raskin, Jamie
Maryland · Feb 14, 2023
 D
Salinas, Andrea
Oregon · Feb 14, 2023
Sarbanes, John
· Feb 14, 2023
 D
Scanlon, Mary Gay
Pennsylvania · Feb 14, 2023
 D
Schakowsky, Janice D.
Illinois · Feb 14, 2023
 D
Schiff, Adam B.
California · Feb 14, 2023
 D
Sherman, Brad
California · Feb 14, 2023
 D
Soto, Darren
Florida · Feb 14, 2023
 D
Stansbury, Melanie A.
New Mexico · Feb 14, 2023
 D
Stevens, Haley M.
Michigan · Feb 14, 2023
 D
Takano, Mark
California · Feb 14, 2023
 D
Thompson, Bennie G.
Mississippi · Feb 14, 2023
 D
Titus, Dina
Nevada · Feb 14, 2023
 D
Tlaib, Rashida
Michigan · Feb 14, 2023
 D
Tokuda, Jill N.
Hawaii · Feb 14, 2023
 D
Tonko, Paul
New York · Feb 14, 2023
 D
Torres, Norma J.
California · Feb 14, 2023
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Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 884: No Tax Breaks for Outsourcing Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-884/
MLA
"H.R. 884: No Tax Breaks for Outsourcing Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-884/.
Bluebook (legal)
H.R. 884, 118th Cong. (2026), https://openamerica.io/bill/118-HR-884/.
Markdown link
[H.R. 884: No Tax Breaks for Outsourcing Act](https://openamerica.io/bill/118-HR-884/)
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