Nashville Standard

Rep. Mark Green has reintroduced two legislative measures aimed at securing U.S. supply chains from the influence of the Chinese Communist Party (CCP). The proposed bills are titled the Western Hemisphere Nearshoring Act and the Bring American Companies Home Act.

Rep. Green explained, "My Western Hemisphere Nearshoring Act would begin a new era of strengthened ties and economic growth across the Americas. By encouraging companies to relocate manufacturing from the People's Republic of China (PRC) to Latin America and the Caribbean (LAC), we can create a win-win scenario. This will boost economic growth in LAC, reduce illegal immigration to the United States, and provide Americans with access to affordable goods."

The Western Hemisphere Nearshoring Act proposes creating a low-interest loan program through the International Development Finance Corporation. Financing would come from existing tariffs on Chinese goods, incentivizing companies to move their factories from China to Latin America.

Rep. Green further stated, "My Bring American Companies Home Act will further protect our supply chains from the Chinese Communist Party's influence." He emphasized that dependence on PRC-based manufacturing poses risks to U.S. national security.

The Bring American Companies Home Act aims to use tariff revenues collected on goods from China as tax incentives for American companies moving production back to the United States.

Both bills aim to provide financial support for businesses relocating their operations away from China, offering tax benefits and deductions under specified conditions.

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