S. 2531: Keeping American Jobs at Home Act

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S. 2531: Keeping American Jobs at Home Act

108th Congress · introduced 2004-06-16 · Labor and Employment · Latest: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6895-6898)

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Official title

Keeping American Jobs at Home Act

Plain summary

Keeping American Jobs at Home Act - Amends the Internal Revenue Code to: (1) prohibit tax credits or deductions for certain expenses relating to the outsourcing of goods and services from the United States; (2) provide for advance payments of the health insurance tax credit for trade adjustment assistance workers (TAA workers) for months prior to the issuance of a qualified health insurance costs credit eligibility certificate; (3) cover spouses of Medicare-eligible TAA workers under such tax credit; and (4) increase the amount of such tax credit from 65 to 75 percent of health insurance costs. Amends the Trade Act of 1974 to: (1) extend trade adjustment assistance to workers in the service sector and public agencies; (2) increase funding levels for job retraining programs; and (3) establish a wage insurance program for displaced workers which includes health insurance benefits. Creates a business judgment defense to shareholder lawsuits to protect corporate officers or directors who determine that it is in the best interest of their corporations to keep jobs or other business activities in the United States. Amends the Employee Retirement Income Security Act of 1974 (ERISA), the Public Health Service Act, and the Internal Revenue Code to: (1) prevent a lapse of health care coverage for TAA workers; and (2) align coverage periods under such Acts with eligibility periods for TAA workers. Amends the Workforce Investment Act of 1998 to require a State or entity to use national emergency grant funds to provide TAA workers and their family members with health insurance coverage for periods prior to their first eligibility month.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Wyden, Ron [D-OR] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Sponsor's campaign money: Sen. Wyden, Ron [D-OR] reported raising $1.9 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

• Congressional Research Service summary (Introduced in Senate)
• Congress.gov
• Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108s2531.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/s>

Record fed-us-cong108-s2531 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108