# 119-hr-508: Bring American Companies Home Act

119-hr-508, Bring American Companies Home Act, is a 119th Congress bill sponsored by Rep. Green, Mark E. [R-TN-7] (R-TN); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-hr-508
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-508
- Congress: 119
- Title: Bring American Companies Home Act
- Status: introduced
- Introduced: 2025-01-16
- Sponsor: Rep. Green, Mark E. [R-TN-7] (R-TN)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Allows immediate tax deductions for U.S. companies that move inventory, equipment, and supplies from China back to the United States.** It would pair that deduction with a tariff-funded trust to reimburse Treasury for the revenue loss. - U.S. companies: U.S. persons could expense costs of moving business property from China in the year paid, lowering taxable income when they relocate inventory, equipment, or supplies. - Treasury and federal finances: Tariffs on Chinese-made goods would be deposited into a newly created trust fund and amounts equal to the lost revenue would be appropriated from that fund to the General Fund. - Administration and rules: The Department of the Treasury would set up the program and issue regulations that limit deductions to qualifying business moving expenses and require at least monthly fund transfers.

## Provisions PRIA read

- Tax write-off to move U.S. business from China: benefit, high. This bill would let U.S. businesses deduct what they pay to move inventory, equipment, and supplies from China to the United States. They could expense these moving costs in the year they pay them, which could lower taxable income for that year. Treasury would issue rules so only standard business…

## Related bills

- 119-hr-137: TCJA Permanency Act
- 119-hr-2725: Affordable Housing Credit Improvement Act of 2025
- 119-hr-1229: United States-Israel Defense Partnership Act of 2025
- 119-hr-21: Born-Alive Abortion Survivors Protection Act
- 119-hr-2243: LEOSA Reform Act
- 119-hr-3631: VITAL Act of 2025

## Sources
- [119-hr-508 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/508)

## Related
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-2725: Affordable Housing Credit Improvement Act of 2025](https://policyrisk.com/legislation/119-hr-2725)
- [119-hr-1229: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-hr-1229)
- [119-hr-21: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-hr-21)
- [119-hr-2243: LEOSA Reform Act](https://policyrisk.com/legislation/119-hr-2243)
- [119-hr-3631: VITAL Act of 2025](https://policyrisk.com/legislation/119-hr-3631)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-508 (as of 2025-12-21).