U.S. Legislators Re-Introduce Legislation Banning Federal Contracts for Inverted Companies

On 16 April 2015, U.S. Senators Jack Reed (D-RI), Sheldon Whitehouse (D-RI), Dick Durbin (D-IL), and Al Franken (D-MN), and U.S. Representatives Rosa DeLauro (D-CT), Sander Levin (D-MI) and Lloyd Doggett (D-TX) re-introduced legislation banning inverted companies from holding federal contracts.

The legislation was introduced in the Senate as the American Business for American Companies Act and in the House of Representatives as the No Federal Contracts for Corporate Deserters Act. In additi…