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![handle is hein.congrecreports/crptxaghk0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
118TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 118-550
END CHINESE DOMINANCE OF ELECTRIC VEHICLES IN
AMERICA ACT OF 2024
JUNE 11, 2024.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. SMITH of Missouri, from the Committee on Ways and Means,
submitted the following
REPORT
together with
DISSENTING VIEWS
[To accompany H.R. 7980]
[Including cost estimate of the Congressional Budget Office]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 7980) to amend the Internal Revenue Code of 1986 to ex-
clude vehicles the batteries of which contain materials sourced
from prohibited foreign entities from the clean vehicle credit, hav-
ing considered the same, reports favorably thereon with an amend-
ment and recommends that the bill as amended do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ............................................................... 3
A. Purpose and Sum m ary ..................................................................... 3
B. Background and Need for Legislation .................... 3
C. Legislative H istory ........................................................................... . 4
B ackground ......................................................................................... 4
Com m ittee H earings .......................................................................... 4
Com m ittee A ction .............................................................................. . 4
D . Designated H earing .......................................................................... 4
II. EXPLANATION OF THE BILL .................................................................. 4
A. Exclusion from Clean Vehicle Credit of Vehicles Containing
Materials Sourced from Prohibited Foreign Entities (sec. 2 of
the bill and sec. 30D of the Code) ................................................. 4
B. Explanation of Provision .................................................................. 8
C . E ffective D ate ................................................................................... . 9
III. VOTES OF THE COM M ITTEE ................................................................... 9
IV. BUDGET EFFECTS OF THE BILL ............................................................ 9
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