American Business for American Companies Act of 2026

This bill would bar federal agencies, including defense agencies, from awarding contracts to inverted domestic corporations, their subsidiaries, or joint ventures more than 10 percent owned by them. An inverted domestic corporation is a foreign-incorporated company that, on or after May 8, 2014, acquired a U.S. corporation or partnership and is either more than 50 percent owned by the former U.S. owners or is managed and controlled mainly from the United States while having significant U.S. business activities. Contracts over $10 million would have to bar prime contractors from giving large subcontracts to such companies, with possible termination or suspension as penalties. Agency heads could waive the ban for national security or health program reasons but would have to notify Congress within 14 days. The Treasury Secretary would write rules on when a company's management and control is treated as being in the United States.

Full text and official record on Congress.gov

Sponsors

• Rosa L. DeLauro Democrat sponsor
• 0 cosponsors