Bring American Companies Home Act

This bill lets U.S. businesses write off the costs of moving their inventory, equipment, and supplies from China back to the United States in the same year they pay those costs. The Treasury Department must set up a program and rules to make sure only true business moving expenses qualify. Money from U.S. tariffs on goods made in China will be set aside to cover the lost tax revenue from these write‑offs, with regular transfers between funds to keep the books balanced .

In short, it aims to make bringing operations home cheaper for companies, using tariff money tied to Chinese imports to pay for the tax break .

• Who is affected: “U.S. persons,” including U.S. citizens or residents, U.S. partnerships and corporations, and certain estates and trusts that move business property from China to the U.S..
• What changes: Qualifying moving costs can be deducted in the year they’re paid; Treasury will issue rules limiting this to business moving expenses. A special trust fund fed by tariffs on goods made in China offsets the tax revenue loss, with transfers made regularly .
• When: The timing and details depend on Treasury’s program and regulations; transfers between funds must occur at least monthly under the summary’s description of the bill’s timing rules .