H.R. 1128 · 117th Congress · House

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

Active· Referred to the House Committee on Ways and Means.
Introduced
Feb 18, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive Summary

This bill directs the Department of the Treasury to establish a program to treat amounts paid by U.S citizens or business entities to move their inventory, equipment, and supplies from China to the United States as items of expense, deductible in the year in which they are incurred. The cost of this expensing allowance shall be paid for with tariffs collected by the United States on goods manufactured in China.

Action Timeline

4
  1. FEB 18, 2021IntroReferral

    Introduced in House

  2. FEB 18, 2021IntroReferral

    Introduced in House

  3. FEB 18, 2021Committee

    Referred to the Subcommittee on Trade.

  4. FEB 18, 2021IntroReferral

    Referred to the House Committee on Ways and Means.

Committees

2

Ways and Means Committee

hswm00

Referred: Feb 18, 2021

Active

Trade Subcommittee

hswm04

Referred: Feb 18, 2021

Active