Us Congress House Bill HJR148

Us Congress 2023-2024 Regular Session

• Introduced: 5/16/24
• Refer: 5/16/24
• Report Pass: 7/9/24

Caption

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 passage of HJR148 would have significant implications on state and federal laws concerning clean vehicle incentives and the broader strategy toward transitioning to sustainable automotive technologies. By disapproving this rule, Congress could reshape how clean vehicle credits are administered, impacting manufacturers and potentially altering incentives for consumers. The action highlights a critical stance on national security concerns associated with foreign supply chains, particularly those involved in essential components for electric vehicles.

Summary

HJR148 is a joint resolution aimed at disapproving a specific rule submitted by the Department of the Treasury regarding clean vehicle credits. This rule encompasses provisions related to the transfer of credits, the sourcing of critical minerals, and battery components, especially concerning foreign entities of concern. The resolution essentially seeks to nullify the rule, thereby preventing its implementation and affirming congressional authority over these regulations. The bill reflects a broader legislative effort to address issues surrounding the clean vehicle market and its regulatory landscape in the U.S., particularly in light of increasing scrutiny over foreign influences in critical supply chains.

Sentiment

Overall, the sentiment surrounding HJR148 is mixed, reflecting both support and contention among various stakeholders. Proponents argue that congressional disapproval is vital for safeguarding American interests and ensuring that clean vehicle credits are not undermined by reliance on foreign entities. This perspective resonates especially in the context of current geopolitical concerns and the quest for energy independence. Conversely, opponents express concern that such disapproval may hinder innovation and market growth in the clean vehicle sector, suggesting it may inadvertently stall the transition to greener technologies.

Contention

Key points of contention regarding HJR148 revolve around debates on economic policy, national security, and environmental advancement. Supporters assert that the regulation ensures that credits are only awarded based on reliable domestic sources, thus fostering local economic growth. However, critics warn that overly stringent disapproval could deter companies from investing in clean vehicle technologies and create hurdles that could slow down the transition to sustainable energy solutions. The resolution's discussions highlight the tensions between promoting domestic production and harnessing global technological advancements.