Bill 118 hjres 148, also known as the "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'", is a piece of legislation that aims to challenge a rule proposed by the Department of the Treasury.
The rule in question pertains to various aspects of clean vehicle credits, including sections 25E and 30D, as well as the transfer of credits, critical minerals and battery components, and foreign entities of concern. The Department of the Treasury's rule likely outlines specific guidelines and regulations related to these topics.
The purpose of Bill 118 hjres 148 is to express congressional disapproval of the Department of the Treasury's rule under chapter 8 of title 5, United States Code. This means that Congress is seeking to reject or overturn the rule proposed by the Department of the Treasury.
It is important to note that this summary is based on factual information and does not take a partisan stance on the legislation. The goal is to provide a clear and concise overview of Bill 118 hjres 148 for readers at a 10th grade reading level.