Tennessee U.S. Congressman Mark Green (R-TN-07) re-introduced legislation in the 118th Congress on Tuesday that would work to bring U.S. companies home from China.
Green’s Bring American Companies Home Act – initially introduced in 2020 – would “use tariff revenues collected on goods from China to provide a tax incentive that offsets moving costs for American companies in order to move their production back to the United States from China.”
The bill was referred to the House Committee on Ways and Means.
Citing the pandemic as a reason not to “rely on China for critical supplies,” Green added that China “cannot be trusted” to treat American businesses “fairly.”
“If the pandemic taught us anything, it’s that we cannot rely on China for critical supplies. We also know Communist China cannot be trusted to treat our businesses fairly. We must get our businesses home—and my legislation will help accomplish that,” Green said in a statement.
“For the sake of our economic and national security, we must reduce dependence on Communist China. We can distance ourselves from China economically while also opening doors of opportunity for America’s business owners here at home,” Green added.
While discussing the bill during an interview with Fox Business, Green also spoke about his near-shoring bill – which he introduced in early February – as another solution to relocating U.S. companies from China.
Green’s near-shoring bill, titled the Western Hemisphere Near-shoring Act, would relocate supply chains and business operations to Latin America instead of to China, as previously reported by The Tennessee Star.
If enacted, according to Green, his near-shoring bill would further make the U.S. less dependent on Chinese manufacturing, provide Latin America with economic growth and jobs, not at the expense of taxpayers, and decrease migration to the U.S.-Mexico border.
