118th Congress · SENATE BILLBILL

S. 1242 — No EV Credits for Idle Allies Act

“A bill to exclude critical minerals that were extracted or processed in certain countries that are providing insufficient levels of assistance to Ukraine from being included for purposes of determining the amount of the clean vehicle tax credit.”

Taxation

Introduced Apr 20, 2023

Last action Apr 20, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 20, 2023

Step 2

Referred

Apr 20, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill excludes critical materials for vehicle batteries that were extracted or processed in Germany or France from any determination of the eligible amount of the new clean vehicle tax credit unless the Department of State certifies that either country has, since February 24, 2022, directly provided a cumulative amount of aid to Ukraine that is not less than the direct commitment of aid provided by the United States. The State Department must annually review its certification of the amount of aid provided to Ukraine by Germany or France and require such countries to attain a certain level of defense spending for the duration of the war in Ukraine.

Provisions · 3 sectionsIntroduced in Senate

Timeline · 2 actions

Apr 20, 2023

Introduced in Senate

Apr 20, 2023

Read twice and referred to the Committee on Finance.