Bill · H.R. 2652· House(119-HR-2652)
Bring Entrepreneurial Advancements To Consumers Here In North America Act
- Introduced
- 4/3/2025
- Last activity
- 4/3/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Chip Roy
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the "Bring Entrepreneurial Advancements To Consumers Here In North America Act," aims to amend the Internal Revenue Code of 1986. It provides incentives to encourage manufacturers to move their operations from foreign countries to the United States. One incentive includes accelerated depreciation for nonresidential real property used in these relocations. The bill also creates an exclusion of gain on the sale of property used in foreign manufacturing that is being relocated. Additionally, the act establishes permanent full expensing for qualified property.
Yes· 3 of 6
Would business owners be better off under this?+7
The bill offers significant tax incentives and depreciation benefits for manufacturing businesses.
Is this likely to create jobs?+6
By incentivizing manufacturing relocation to the U.S., the bill is intended to drive domestic job growth.
Does this cut the tax on profits from selling investments?+5
The bill allows manufacturers to exclude gains from the sale of property used in foreign manufacturing during relocation.
The opposite
Does this make trade with other countries easier?-3
By incentivizing domestic manufacturing over foreign production, the bill may shift traditional trade dynamics.
Does this reduce what the federal government owes?-2
The implementation of permanent full expensing and tax exclusions may reduce federal revenue.
Who it would affect, and how
Potential Positive Impacts for People
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Incentives for Relocating Manufacturing: The bill provides accelerated depreciation for qualified nonresidential real property for qualified manufacturers who relocate manufacturing of tangible personal property from a foreign country to the United States (Section 2(a)). This is designed to encourage bringing manufacturing back to the U.S. and its possessions.
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Tax Relief on Disposed Property: Qualified manufacturers can exclude gross income from the gain realized on the sale or exchange of property used in the foreign country from which they are relocating (Section 2(b)). This provides a financial incentive for companies to sell off their foreign assets as they move operations.
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Permanent Full Expensing: The bill amends the code to set the applicable percentage for certain property at 100 percent (Section 3(a)). This permanent full expensing is intended to provide a consistent incentive for qualified property.
Potential Negative Impacts for People
- Strict Requirements for Relocation: To qualify for the depreciation benefits, the manufacturing relocation must result in an increase in U.S. production that is not less than the reduction in units of production in the foreign country (Section 2(a)). This creates specific production requirements that must be met to receive the tax benefits.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Increases Job Creation+6Improves Economic Growth+5Reduces Capital Gains Tax+5Reduces National Debt-2
- Demographic And Interest Groups
- Good For Business Owners+7Good For Low Income Households+3Good For Middle Class Households+3
- National Security And Foreign Policy
- Improves International Trade-3
- 4/3/2025
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
2 bills Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Barry MooreRepublican · Alabama