GOP bill aimed at closing 'Chinese billionaire loophole' on EVs passes after contentious debate with Democrats.
Rep. Carol Miller, R-W.Va., stated that the bill she introduced would address the "Chinese billionaire loophole."
On Capitol Hill, lawmakers debated before passing legislation that restricts foreign entities from receiving U.S. tax credits on electric vehicles.
The End Chinese Dominance of Electric Vehicles Act, introduced by Republicans, was discussed on the House floor and passed with seven Democrats supporting it.
The bill aims to exclude electric vehicle batteries sourced from foreign entities of concern (FEOC) from the clean vehicle credit, tighten the FEOC definition for the 30D electric vehicle (EV) tax credit, and prevent companies who partner with those entities from benefiting from the tax break.
Republican supporters of the bill urged their colleagues to prioritize American taxpayers over Chinese billionaires before casting their vote on the legislation.
Rep. Carol Miller, R-W.Va., introduced a bill in April that aims to "close the Chinese billionaire loophole" by preventing them from benefiting from EV subsidies. The vote was 217-192.
Vice President Kamala Harris was criticized by Rep. Jason Smith, R-Mo., for casting the tie-breaking vote on the Inflation Reduction Act of 2022, which established tax subsidies for electric vehicles.
"The Chinese Communist Party has been attempting to control the electric vehicles market for years, and now the Harris-Biden administration is using taxpayer money to aid China's dominance in this field, as Smith stated on the House floor."
Smith clashed with the bill's Democratic opponents, arguing that Rep. Debbie Dingell's, D-Mich., speech opposing the legislation was "nonsense."
Rep. Judy Chu, D-Calif, stated that the legislation is another excuse by Republicans to weaken the Inflation Reduction Act, while Rep. Dan Kildee, D-Mich, argued that the bill would make it more difficult for the US to compete with China.
The bill was not recommitted to the Ways and Means Committee after Rep. Dingell introduced a motion to do so.
Planet Chronicle' Morgan Phillips contributed to this report.
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