Bill 118 hjres 179 is a piece of legislation that aims to disapprove of a rule submitted by the Department of the Treasury regarding clean vehicle credits, transfer of credits, critical minerals and battery components, and foreign entities of concern. The rule in question relates to sections 25E and 30D of the United States Code, which provide incentives for the production and use of clean vehicles.
The bill seeks to use the Congressional Review Act to overturn this rule, which was put forth by the Department of the Treasury. The rule in question addresses various aspects of clean vehicle credits, including the transfer of credits between different entities, the sourcing of critical minerals and battery components, and the involvement of foreign entities in the clean vehicle industry.
Supporters of the bill argue that the rule is overly burdensome and restrictive, hindering the development and adoption of clean vehicles in the United States. They believe that by disapproving of this rule, Congress can create a more favorable environment for the growth of the clean vehicle industry.
Opponents of the bill, on the other hand, argue that the rule is necessary to ensure that clean vehicle credits are used effectively and efficiently. They believe that overturning this rule could have negative consequences for the clean vehicle industry and hinder progress towards reducing emissions and combating climate change.
Overall, Bill 118 hjres 179 is a contentious piece of legislation that highlights the ongoing debate surrounding clean energy and environmental policy in the United States. It remains to be seen how Congress will ultimately decide on this issue.