Us Congress Senate Bill SJR87

Us Congress 2023-2024 Regular Session

• Introduced: 5/16/24
• Refer: 5/16/24

Caption

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to "Clean Vehicle Credits Under Sections 25E and 30D; Transfer of Credits; Critical Minerals and Battery Components; Foreign Entities of Concern".

Impact

The resolution, if passed, would prevent the mentioned rule from taking effect, thereby reverting any changes that may have been made regarding credit transferability and the use of critical minerals sourced from foreign entities. This has potential implications for stakeholders involved in the electric vehicle sector, including manufacturers and consumers who depend on these credits for financial incentives. The underlying goal may be to protect domestic industries and resources while maintaining oversight over dependencies on foreign entities, particularly in the context of national security and supply chain integrity.

Summary

SJR87 is a joint resolution introduced in the United States Congress that seeks to disapprove a particular rule submitted by the Department of the Treasury. This rule pertains to Clean Vehicle Credits established under Sections 25E and 30D, specifically addressing the transfer of these credits and the role of critical minerals and battery components. The bill's introduction highlights a significant legislative interest in regulating aspects of clean vehicle production and its related incentives, indicating the growing focus on electric vehicles and their environmental implications.

Contention

There are inherent points of contention surrounding SJR87, particularly regarding the balance between promoting clean energy initiatives and ensuring that domestic supply chains are prioritized. Advocates for the resolution might argue that the rule could lead to increased reliance on foreign resources, undermining local capabilities and reducing national autonomy in the clean vehicle arena. Conversely, opponents might suggest that disapproving the rule could hinder efforts to promote renewable energy technologies and impede progress on climate-related goals.