Unfortunately there are consequences for its abuse. Is eliminating it the right consequence? Who really knows but it should have never been abused especially in favour of one particular country that is taking over tech. People talk about brain drain but people do go back home and they are opening more offices back at home.

And does this bill also establish consequences for offshoring work to third party contracts or satellite offices in other countries?

No.

So it solves nothing and just makes things worse.