To prevent United States companies from getting tax benefits for moving jobs overseas, to end offshore tax loopholes including inversions, and to provide incentives for United States companies to relocate overseas jobs to the United States.

SA 523. Ms. STABENOW (for herself, Mr. Whitehouse, and Mr. Merkley)
submitted an amendment intended to be proposed by her to the concurrent
resolution S. Con. Res. 11, setting forth the congressional budget for
the United States Government for fiscal year 2016 and setting forth the
appropriate budgetary levels for fiscal years 2017 through 2025; which
was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO BRINGING
JOBS BACK TO AMERICA.

The Chairman of the Committee on the Budget of the Senate
may revise the allocations of a committee or committees,
aggregates, and other appropriate levels in this resolution
for one or more bills, joint resolutions, amendments,
amendments between the Houses, motions, or conference reports
relating to tax provisions to encourage United States
enterprises to relocate operations from overseas to within
the United States, closing offshore tax loopholes (including
those relating to inversions), or discouraging United States
enterprises from relocating United States operations to other
countries, by the amounts provided in such legislation for
those purposes, provided that such legislation would not
increase the deficit over either the period of the total of
fiscal years 2016 through 2020 or the period of the total of
fiscal years 2016 through 2025.
______