Bring American Companies Home Act

# Bring American Companies Home Act - Summary **What the Bill Does** The Bring American Companies Home Act would create a tax incentive program to encourage U.S. businesses to move their operations out of China and back to the United States. Specifically, it would allow American companies to deduct the costs of relocating inventory, equipment, and supplies from China as a tax write-off in the year they incur those expenses. To help fund this tax break, the bill would establish a special fund that collects tariffs (import taxes) the U.S. already charges on Chinese goods and use that money to offset the lost tax revenue from the deductions. **Who It Affects** This bill primarily affects U.S.

businesses—particularly manufacturers and companies with supply chains currently based in China. The incentive could make it more affordable for these companies to move production back to America. Consumers might potentially benefit from increased domestic manufacturing, though any long-term effects would depend on how companies respond to the incentive. **Current Status** The bill was introduced by Representative Mark Green (R-Tennessee) in the 119th Congress and is currently under review in committee. It has not yet been voted on by the full House of Representatives.