Proposal:American Cars, American Jobs Act of 2019

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	S 683
Type of Legislation	Senate Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

American Cars, American Jobs Act of 2019

This bill establishes in the National Highway Traffic Safety Administration the American Cars, American Jobs Program. Under the program, the Department of Transportation must issue vouchers of $3,500 to offset the purchase or lease price of a new automobile made in the United States if at least 45% of the automobile's parts come from the United States or Canada and assembly of the automobile occurs in the United States. The amount of the voucher for new qualified plug-in electric drive motor vehicles is $4,500.

The bill amends the Internal Revenue Code to disallow a tax deduction for the global low-tax income of certain foreign subsidiaries of U.S. automakers whose profits exceed a specified percentage of their value.

Bill Title

American Cars, American Jobs Act of 2019

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-03-06: Read twice and referred to the Committee on Finance.
• 2019-03-06: Introduced in Senate

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.