ReleVote

HIRE Act

Bill Number
S. 2976
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Taxation
Status
Introduced
Latest Action
2025-10-06: Read twice and referred to the Committee on Finance.
Last Updated
2026-03-09T19:18:57Z

AI-Generated Summary

Purpose

The Halting International Relocation of Employment Act (HIRE Act) aims to discourage U.S. companies from outsourcing services to foreign providers when those services benefit American consumers. It does this by imposing taxes on such payments and redirecting the revenue to support domestic job training and workforce development programs.

Key Provisions

Significant Changes to Existing Law

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Moreno, Bernie [R-OH]

Recent Actions

Bill Versions

Related Bills