U.S. Representative Jerry McNerney (D-CA) has submitted two bills that are meant to protect U.S. jobs; the Stop Outsourcing and Create American Jobs Act of 2017 ( H.R.3217) and the Outsourcing Accountability Act of 2017 ( H.R.3216). The Stop Outsourcing and Create American Jobs Act provides for: The creation of a tax haven list by the U.S. Treasury based on certain criteria, including the tax rate in the country, the effective exchange of information, requirements for substantial economic activity, etc.; An increase in the accuracy-related penalties on underpayments when in relation to listed tax havens; and New rules allowing a...