HR 4441
Foreign Automobile Industry Restriction on Electric Vehicle Tax Credits Act of 2023
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- Passed House
- Passed Senate
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Bill overview
This bill, the Foreign Automobile Industry Restriction on Electric Vehicle Tax Credits Act of 2023, aims to limit the eligibility for electric vehicle tax credits to manufacturers that are not owned by or controlled by foreign adversaries. Specifically, it restricts entities identified as ‘foreign adversaries’ and their related parties from receiving these tax credits. The bill seeks to bolster national security by preventing foreign entities from benefiting from incentives for electric vehicle purchases. The changes would apply to vehicles placed in service after the bill’s enactment.
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Primary sponsor
Cosponsors
Doug Lamborn
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