American Business for American Companies Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7424 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7424 To prohibit the award of Federal Government contracts to inverted domestic corporations, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 9, 2026 Ms. DeLauro introduced the following bill; which was referred to the Committee on Oversight and Government Reform, and in addition to the Committee on Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To prohibit the award of Federal Government contracts to inverted domestic corporations, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``American Business for American Companies Act of 2026''. SEC. 2. PROHIBITION ON AWARDING CONTRACTS TO INVERTED DOMESTIC CORPORATIONS. (a) Civilian Contracts.-- (1) In general.--Chapter 47 of title 41, United States Code, is amended by adding at the end the following new section: ``Sec. 4715. Prohibition on awarding contracts to inverted domestic corporations ``(a) Prohibition.-- ``(1) In general.--The head of an executive agency may not award a contract for the procurement of property or services to-- ``(A) any foreign incorporated entity that such head has determined is an inverted domestic corporation or any subsidiary of such entity; or ``(B) any joint venture if more than 10 percent of the joint venture (by vote or value) is held by a foreign incorporated entity that such head has determined is an inverted domestic corporation or any subsidiary of such entity. ``(2) Subcontracts.-- ``(A) In gen