119th Congress · House bill · Last action Oct 19, 2026
H.R. 10842In Committee
To amend the Internal Revenue Code of 1986 to establish the financial services customer support onshoring credit.
Sponsor: Rep. Burchett, Tim (R-TN)Introduced Oct 19, 2026
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In plain English
H.R. 10842 creates a tax credit for financial services companies that relocate customer support operations from overseas to the United States. Rep. Tim Burchett [R-TN] introduced the bill, which was referred to the House Committee on Ways and Means on October 19, 2026. The credit is intended to incentivize domestic job creation in the financial services sector by making it more economically attractive for companies to bring customer support functions back onshore.
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →
Where it is in the process
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Introduced
Oct 19
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House committee
Oct 19
3
House floor
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4
Senate
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5
Signed
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What happens next: Sits in committee. Needs a markup or favorable report to advance to the House floor.
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Activity timeline
Oct 19
1d ago
1d ago
Referred to the House Committee on Ways and Means.
Oct 19
1d ago
1d ago
Introduced in House
Oct 19
1d ago
1d ago
Introduced in House
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 3 recorded actions since introduction · Source: Congress.gov
Oct 19
HOUSEReferred to the House Committee on Ways and Means.
Oct 19
Introduced in House
Oct 19
Introduced in House
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