H.R. 524 proposes changes to the Internal Revenue Code of 1986 to prevent companies associated with certain countries from receiving green energy tax benefits. These "countries of concern" include China, Russia, Iran, and North Korea. It defines a "disqualified company" as...
Simple Explanation
H.R. 524 is a plan to stop certain companies from countries like China, Russia, Iran, and North Korea from getting special green energy money-saving perks, because these countries are seen as less friendly to the U.S.