Dick Durbin: “I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the…”

“I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 4547 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``American Business for American Companies Act of 2024''. SEC. 2. PROHIBITION ON AWARDING CONTRACTS TO INVERTED DOMESTIC CORPORATIONS. (a) Civilian Contracts.-- (1) In general.--Chapter 47 of title 41, United States Code, is amended by adding at the end the following new section: ``Sec. 4715. Prohibition on awarding contracts to inverted domestic corporations ``(a) Prohibition.-- ``(1) In general.--The head of an executive agency may not award a contract for the procurement of property or services to-- ``(A) any foreign incorporated entity that such head has determined is an inverted domestic corporation or any subsidiary of such entity; or ``(B) any joint venture if more than 10 percent of the joint venture (by vote or value) is held by a foreign incorporated entity that such head has determined is an inverted domestic corporation or any subsidiary of such entity.…”