No Tax Breaks for Outsourcing Act
Summary
HR995 (No Tax Breaks for Outsourcing Act) has near-zero probability of enactment in the 119th Congress. The bill was referred to the House Ways and Means Committee in February 2025 and has not advanced. No actionable market impact for retail investors.
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Key Takeaways
- 1.HR995 has near-zero probability of passage in the 119th Congress.
- 2.No actionable market impact for any sector or company.
- 3.No funding authorized or appropriated; bill is purely a tax policy change.
- 4.Identical Senate bill S409 also stalled; no legislative momentum.
Market Implications
No market implications. The bill is dead on arrival in this Congress. Investors should not make any portfolio adjustments based on this legislation. Companies with significant offshore cash holdings (AAPL, MSFT, GOOGL) face no near-term tax risk from this bill.
Full Analysis
HR995, the No Tax Breaks for Outsourcing Act, was introduced in the House on February 5, 2025, by Rep. Doggett (D-TX) and has 134 cosponsors, all Democrats. The bill would amend the Internal Revenue Code to require current-year inclusion of net CFC (controlled foreign corporation) tested income, effectively eliminating deferral on certain offshore earnings. However, the bill remains in early legislative stages: it was referred to the House Committee on Ways and Means and has seen no further action since February 2025. In a divided 119th Congress, with Republicans controlling the House, this bill has no realistic path to passage. An identical Senate companion bill (S409) is also stalled in committee. There is no authorized or appropriated funding associated with this bill — it is a tax code change that would increase revenue, not allocate spending. Because passage is effectively impossible in this Congress, the bill produces no actionable market signal. Retail investors should disregard this legislation for portfolio decisions.
Connected Signals
Matched on shared policy language across AI analyses, with ticker & timing weight
Related Presidential Actions
Executive orders & memoranda affecting the same sectors or companies
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Enhancing Program Integrity and Integrity and Interagency Coordination in the Administration of the H-1B Nonimmigrant Visa Program
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Restriction on Entry of Certain Nonimmigrant Workers
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