Search Results: keywords:"trade barriers"

  • H. R. 7983 — To amend the Internal Revenue Code of 1986 to define the term free trade agreement for purposes of the clean vehicle credit.
    Status:Reported in House
    Words:424

    H.R. 7983, titled the "Stop Executive Overreach on Trade Agreements Act," aims to modify the Internal Revenue Code of 1986. The bill seeks to clarify what qualifies as a "free trade agreement" when it comes to providing clean vehicle credits. It defines a free trade agreement...

    Simple Explanation

    H.R. 7983 is a plan to explain what counts as a "free trade agreement" for getting special money help when buying clean cars. It says only those deals where Congress agrees to lower money barriers will count.

  • H. R. 7983 — To amend the Internal Revenue Code of 1986 to define the term free trade agreement for purposes of the clean vehicle credit.
    Status:Introduced in House
    Words:263

    H.R. 7983 is a bill introduced in the House of Representatives to amend the Internal Revenue Code of 1986. It defines a "free trade agreement" in the context of clean vehicle credits as an international agreement approved by Congress, which eliminates duties and restrictive...

    Simple Explanation

    H.R. 7983 is a bill that explains what a "free trade agreement" means when it comes to giving tax credits for clean cars. It says that if the U.S. and another country have an agreement that stops charging extra fees and removes trade barriers, that counts as a free trade deal for cars made after the bill is passed.