Union Calendar No. 454
118th CONGRESS 2d Session |
[Report No. 118–550]
To amend the Internal Revenue Code of 1986 to exclude vehicles the batteries of which contain materials sourced from prohibited foreign entities from the clean vehicle credit.
April 15, 2024
Mrs. Miller of West Virginia introduced the following bill; which was referred to the Committee on Ways and Means
June 11, 2024
Additional sponsors: Ms. Tenney, Mr. Kelly of Pennsylvania, Ms. Van Duyne, and Mr. Ferguson
June 11, 2024
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed in italic]
[For text of introduced bill, see copy of bill as introduced on April 15, 2024]
To amend the Internal Revenue Code of 1986 to exclude vehicles the batteries of which contain materials sourced from prohibited foreign entities from the clean vehicle credit.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “End Chinese Dominance of Electric Vehicles in America Act of 2024”.
SEC. 2. Exclusion from clean vehicle credit of vehicles containing materials sourced from prohibited foreign entities.
(a) In general.—Section 30D(d)(7) of the Internal Revenue Code of 1986 is amended to read as follows:
“(7) EXCLUDED ENTITIES.—
“(A) IN GENERAL.—For purposes of this section, the term ‘new clean vehicle’ shall not include any vehicle—
“(i) with respect to which any of the components contained in the drive battery or any material contained in such a component was extracted, processed, recycled, manufactured, or assembled by a prohibited foreign entity, or
“(ii) the drive battery of which is designed, manufactured, or produced using any process attributable to any licensing, royalty, service, or similar agreement with a prohibited foreign entity the estimated total contract cost, including variable, contingent, or sales-based payments, of which exceeds $5,000,000.
“(B) PROHIBITED FOREIGN ENTITY.—For purposes of subparagraph (A), the term ‘prohibited foreign entity’ means—
“(i) any foreign entity of concern (as defined in section 40207(a)(5) of the Infrastructure Investment and Jobs Act),
“(ii) any entity with respect to which the government of a covered nation has the right or power (directly or indirectly) to appoint or approve the appointment of a covered officer, or
“(C) COVERED OFFICER.—For purposes of this paragraph, the term ‘covered officer’ means—
Union Calendar No. 454 | |||||
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[Report No. 118–550] | |||||
A BILL | |||||
To amend the Internal Revenue Code of 1986 to exclude vehicles the batteries of which contain materials sourced from prohibited foreign entities from the clean vehicle credit. | |||||
June 11, 2024 | |||||
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed |