S 5249
No gotion act
No Gotion Act
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- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, titled the No Official Giveaways Of Taxpayers’ Income to Oppressive Nations Act, aims to limit tax benefits for green energy companies if they are linked to specific countries considered of concern. It does this by amending the Internal Revenue Code to deny certain tax credits and deductions to companies controlled by, organized in, or owned by entities connected to nations like China, Russia, Iran, North Korea, Cuba, Venezuela (while Maduro is in power), and Syria. The changes would take effect after the bill’s passage.
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Primary sponsor
Marco Rubio
Cosponsors
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