New Jersey Assembly Bill ACR96

New Jersey 2022-2023 Regular Session

• Introduced: 2/14/22
• Refer: 2/14/22

Caption

Urges Congress and President to enact legislation that penalizes companies that outsource labor to foreign markets.

Impact

The bill aims to combat the rise in unemployment in America, which currently affects approximately 7.5 million individuals. It emphasizes that many sectors, including manufacturing and technology, have been particularly hard hit by job losses attributed to outsourcing. The legislation promotes the idea that penalizing outsourcing companies will not only protect existing jobs but also encourage businesses to invest in the domestic labor market, creating new employment opportunities for American workers.

Summary

Assembly Concurrent Resolution No. 96 (ACR96) urges the Congress and President of the United States to pass legislation that penalizes companies that outsource labor to foreign markets. The resolution highlights the increasing trend of U.S.-based companies outsourcing jobs to maintain competitiveness and reduce costs, which significantly affects American employment. With over 220,000 residents in New Jersey alone affected by this issue, the resolution calls for a switch in corporate practices to prioritize hiring American workers.

Contention

Key points of contention surrounding ACR96 involve the balance between free-market practices and the need to protect American jobs. Proponents argue that penalties against outsourcing will help reverse the trend that has led to a significant number of American jobs being moved overseas for cheaper labor. However, critics may express concerns about the potential economic ramifications of such penalties, questioning whether they might discourage businesses from hiring domestically or lead to higher prices for consumers.