hold on there's just too much going on in Congress lmao...
Blocks federal contracts for US companies that moved overseas.
Sen. Durbin (D-IL) and other Democrats sponsored this bill.
Introduced in Senate, assigned to committee.
This bill prohibits federal agencies from giving contracts to "inverted domestic corporations," which are companies that moved their legal headquarters overseas after acquiring a US company but still have significant US ownership or operations. Senator Durbin, a Democrat from Illinois, and other senators introduced it. The bill is currently in a Senate committee and needs to pass through Congress to become law.
Introduced Feb 9, 2026
This bill was introduced in the Senate on February 9, 2026, and referred to the Committee on Homeland Security and Governmental Affairs. For it to become law, it must pass out of this committee, be approved by the full Senate, pass the House of Representatives, and then be signed by the President.
If this bill becomes law, companies that have inverted their corporate structure (moved headquarters overseas after a US acquisition but still have strong US ties) would no longer be eligible for most federal government contracts, including subcontracts over a certain value. Federal agencies could issue waivers for national security or certain health programs. This could affect the businesses that currently bid on government work and potentially change competition for government services.
Supporters Say
Proponents argue this bill ensures federal contracts benefit companies with strong domestic ties, as intended by its name.
Critics Say
The bill text does not outline specific criticisms of this legislation.
Supporters of the "American Business for American Companies Act" likely believe it will prevent companies from restructuring to gain tax advantages while still relying on US government business. The bill text itself does not present any arguments against the legislation.