Summary: S.2139 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.2139. Bill summaries are authored by CRS.

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Introduced in Senate (07/17/2019)

American Business for American Companies Act of 2019

This bill prohibits an executive agency from awarding a contract for the procurement of property or services (including a defense contract) to (1) any foreign incorporated entity determined to be an inverted domestic corporation or any subsidiary of such entity, or (2) any joint venture more than 10% of which is held by such an entity or subsidiary. An inverted domestic corporation is a company that was previously incorporated in the United States or was a partnership in the United States but is now incorporated in a foreign country despite (1) a majority of the company being owned by the owners of the former domestic entity, or (2) management of the company primarily occurring in the United States.