Search Results for keywords:"prohibited foreign entities"

Search Results: keywords:"prohibited foreign entities"

H. R. 7980 — 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.
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June 11, 2024
Status:Reported in House
Congress:118
Words:910
H. R. 7980 aims to amend the Internal Revenue Code of 1986 by introducing restrictions on the clean vehicle credit for vehicles whose batteries contain components sourced from prohibited foreign entities. These prohibited entities may include foreign bodies of concern, those...
Simple Explanation
H. R. 7980 is a bill that says cars can't get special money help (a credit) if their batteries have parts from places or people the U.S. doesn't trust. This is to help keep car materials safe and not too dependent on countries that might not be friendly.
H. R. 7980 — 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.
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April 15, 2024
Status:Introduced in House
Congress:118
Words:717
The bill, titled the “End Chinese Dominance of Electric Vehicles in America Act of 2024,” aims to amend the Internal Revenue Code of 1986 by excluding certain electric vehicles from receiving a clean vehicle credit. Specifically, vehicles with batteries that have components or materials...
Simple Explanation
The bill is like a rule that stops giving a special prize to car makers who use certain parts from countries we're worried about. It's like saying you can't win the race if your car is made with some parts from places we don't trust.
H. R. 7980 — An Act 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.
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September 12, 2024
Status:Engrossed in House
Congress:118
Words:707
H. R. 7980, titled the "End Chinese Dominance of Electric Vehicles in America Act of 2024," proposes changes to the Internal Revenue Code of 1986 concerning clean vehicle credits. The bill aims to exclude electric vehicles from receiving clean vehicle credits if their batteries or battery...
Simple Explanation
This bill is like a new rule that says if electric cars have batteries made with stuff from certain countries, then they can't get special money help called "credits" that make them cheaper. It's like saying you can't get a reward if your toy is made with parts from a friend's house who your parents don't get along with.
H. R. 7980 — An Act 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.
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September 16, 2024
Status:Referred in Senate
Congress:118
Words:689
The bill H.R. 7980, titled the “End Chinese Dominance of Electric Vehicles in America Act of 2024,” aims to change the Internal Revenue Code to prevent vehicles from qualifying for clean vehicle tax credits if their batteries include components from prohibited foreign...
Simple Explanation
The bill is about making sure that cars don't get a special money bonus if their batteries have parts made by certain countries we don't trust, mainly so we don't rely too much on them and keep making our own stuff.

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