To amend the Internal Revenue Code of 1986 to establish the financial services customer support onshoring credit.
Key claim: This House bill would create a new federal tax credit for financial-services companies that move customer-support work to the United States.
Abstract
(HR10842 · 119th Congress) Latest action (2026-10-19): Referred to the House Committee on Ways and Means.
Why this matters
The bill would create a narrow federal tax preference for financial-services firms that bring customer-support jobs onshore, shifting a small slice of corporate tax liability based on where call-center and support work is performed. It fits a broader pattern of using the Internal Revenue Code to steer specific industries’ location decisions, and would benefit domestic financial-services employers and workers while reducing the tax advantage of offshore support operations. Status is introduced and referred to committee, with no scoring or hearings yet reported.