H.R. 7980, End Chinese Dominance of Electric Vehicles in America Act of 2024
As ordered reported by the House Committee on Ways and Means on April 17, 2024
By Fiscal Year, Millions of Dollars
2024
2024-2029
2024-2034
Direct Spending (Outlays)
-20
-103
-601
Revenues
2
11
59
Increase or Decrease (-) in the Deficit
-22
-114
-660
Spending Subject to Appropriation (Outlays)
*
*
not estimated
Increases net direct spending in any of the four consecutive 10-year periods beginning in 2035?
No
Statutory pay-as-you-go procedures apply?
Yes
Mandate Effects
Increases on-budget deficits in any of the four consecutive 10-year periods beginning in 2035?
No
Contains intergovernmental mandate?
No
Contains private-sector mandate?
No
Components may not sum to totals because of rounding; * = between -$500,000 and $500,000.
Summary
H.R. 7980 would amend the Internal Revenue Code to tighten eligibility requirements for the new clean-vehicle tax credit. The bill would specify that the credit could not be claimed for vehicles powered by a battery containing components or materials that have been extracted, processed, recycled, manufactured, or assembled by a prohibited foreign entity or designed, manufactured, or produced under contract with such an entity. H.R. 7980 would define prohibited foreign entity as a foreign entity of concern or one with ties to North Korea, China, Russia, or Iran.
