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.