Stop Executive Overreach on Trade Agreements
This bill defines free trade agreement for purposes of the clean vehicle tax credit. A free trade agreement is an international agreement approved by Congress that eliminates duties and other restrictive regulations of commerce on substantially all the trade between the United States and one or more other countries.
[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7983 Introduced in House (IH)]
<DOC>
118th CONGRESS
2d Session
H. R. 7983
To amend the Internal Revenue Code of 1986 to define the term free
trade agreement for purposes of the clean vehicle credit.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
April 15, 2024
Mrs. Fischbach introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to define the term free
trade agreement for purposes of the clean vehicle credit.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Stop Executive Overreach on Trade
Agreements''.
SEC. 2. FREE TRADE AGREEMENT DEFINED FOR PURPOSES OF CLEAN VEHICLE
CREDIT.
(a) In General.--Section 30D(e)(1) of the Internal Revenue Code of
1986 is amended by adding at the end the following new subparagraph:
``(C) Free trade agreement.--For purposes of
subparagraph (A)(i)(II), the term `free trade
agreement' means an international agreement approved by
Congress that eliminates duties and other restrictive
regulations of commerce on substantially all the trade
between the United States and 1 or more other
countries.''.
(b) Effective Date.--The amendment made by this subsection shall
apply to vehicles placed in service after the date of the enactment of
this Act.
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Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Committee Consideration and Mark-up Session Held
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 25 - 16.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-889.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 118-889.
Placed on the Union Calendar, Calendar No. 726.
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