Skip to main content
H.R. 508 119th Congress House

Bring American Companies Home Act

Official title: To allow expensing of amounts paid to move business property from China to the United States, and for other purposes.

Introduced: January 16, 2025 Introduced by: Mark E. Green Republican · Texas See on congress.gov
Taxation
Get an email when this bill moves Sign in to write a letter

Free account. One morning email at most, only on days something moved. Already have one? Sign in.

 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 16, 2025
Referred to the House Committee on Ways and Means.
Jan 16, 2025
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

What's happening now January 16, 2025

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Bring American Companies Home Act

This bill requires the Department of the Treasury to establish a program and regulations allowing U.S. persons (U.S. citizens or residents, domestic partnerships or corporations, or estates and trusts) to deduct in the tax year incurred costs of moving inventory, equipment, and supplies used in a trade or business from China to the United States.

The bill also

  • establishes a trust fund and appropriates to such fund tariff amounts collected by the United States on goods manufactured in China,
  • appropriates from such trust fund to the general fund of the Treasury amounts equivalent to the reduction in revenue resulting from the tax deduction, and
  • requires amounts to be transferred between funds at least monthly.
 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.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 508: Bring American Companies Home Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-508/
MLA
"H.R. 508: Bring American Companies Home Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-508/.
Bluebook (legal)
H.R. 508, 119th Cong. (2026), https://openamerica.io/bill/119-HR-508/.
Markdown link
[H.R. 508: Bring American Companies Home Act](https://openamerica.io/bill/119-HR-508/)
Report a problem