HR 2951
No American Tax Dollars To CCP Act
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Bill overview
This bill, the ‘No American Tax Dollars to CCP Act,’ aims to restrict U.S. tax credits for electric vehicles and clean energy projects by limiting the use of components or technology sourced from entities linked to foreign governments of concern, particularly those in China, Russia, North Korea, and Iran. Specifically, it expands prohibitions on battery components and restricts eligibility for tax credits based on technology licensed from these entities. The goal is to prevent U.S. tax dollars from supporting industries connected to potentially adversarial foreign powers.
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