Senators Durbin, Reed, and DeLauro reintroduced the American Business for American Companies Act to ban federal contracts for inverted corporations permanently.
Quiver AI Summary
Senators Introduce Legislation to Ban Contracts for Inverted Corporations: U.S. Senators Dick Durbin and Jack Reed, along with Representative Rosa DeLauro, have reintroduced the American Business for American Companies Act. This bill aims to extend a ban on federal contracts to companies that have shifted their tax residence abroad, seeking to place this ban into permanent law.
Concerns Over Corporate Tax Loopholes: The legislators express that corporations benefiting from low taxes through inversion should not receive government contracts. Reed noted, "This legislation would be an important step towards ending the corporate shell game," highlighting concerns over financial burdens on American taxpayers.
Background and Impact of the Legislation: Previously, the federal government has included year-to-year bans on contracts with inverted corporations in appropriations bills. The new legislation seeks to solidify this prohibition, closing existing loopholes that allow such corporations to gain contracts despite current restrictions.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Richard J. Durbin Fundraising
Richard J. Durbin recently disclosed $0 of fundraising in a Q4 FEC disclosure filed on January 30th, 2026. This was the 1907th most from all Q4 reports we have seen this year. nan% came from individual donors.
Durbin disclosed $57.7K of spending. This was the 961st most from all Q4 reports we have seen from politicians so far this year.
Durbin disclosed $1.1M of cash on hand at the end of the filing period. This was the 346th most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Richard J. Durbin's fundraising on Quiver Quantitative.
Richard J. Durbin Bill Proposals
Here are some bills which have recently been proposed by Richard J. Durbin:
- S.3811: A bill to prohibit the award of Federal Government contracts to inverted domestic corporations, and for other purposes.
- S.3797: A bill to amend the Federal Food, Drug, and Cosmetic Act to establish new prohibited acts relating to dietary supplements.
- S.3768: A bill to direct the Secretary of Housing and Urban Development to conduct a grant competition for the development of single- and multi-family homes, and for other purposes.
- S.3757: Foreign Medical School Accountability Fairness Act of 2026
- S.3707: A bill to provide for a wage differential program to support new nursing school faculty members.
- S.3706: A bill to amend title 38, United States Code, to authorize the provision of produce prescriptions to veterans, and for other purposes.
You can track bills proposed by Richard J. Durbin on Quiver Quantitative's politician page for Durbin.
2026 Illinois US Senate Election
There has been approximately $42,556,159 of spending in Illinois US Senate elections over the last two years, per our estimates.
Approximately $1,654,260 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- ILLINOIS FUTURE PAC ($1,529,853)
- UNITED BREAST CANCER SUPPORT PAC ($58,710)
- DLGA PAC ($50,945)
- AMERICAN VETERANS SUPPORT GROUP PAC ($14,751)
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Illinois US Senate election.
