A joint resolution 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".

Bill 118 SJRes 87 is a joint resolution that aims to disapprove of a rule submitted by the Department of the Treasury regarding clean vehicle credits under sections 25E and 30D, transfer of credits, critical minerals and battery components, and foreign entities of concern. The resolution falls under chapter 8 of title 5 of the United States Code, which allows Congress to review and potentially overturn regulations proposed by federal agencies.

The rule in question pertains to the allocation of clean vehicle credits, the transfer of these credits between different entities, and the regulation of critical minerals and battery components used in electric vehicles. Additionally, the rule addresses concerns related to foreign entities that may be involved in the production or distribution of these components.

The purpose of Bill 118 SJRes 87 is to provide Congress with the opportunity to express disapproval of the Department of the Treasury's rule and potentially prevent its implementation. This resolution allows for a thorough review of the proposed regulations and ensures that lawmakers have the final say on whether they should be enacted. Overall, Bill 118 SJRes 87 is a significant piece of legislation that highlights the importance of congressional oversight in the regulatory process. It underscores the role of Congress in ensuring that federal agencies adhere to the will of the people and act in the best interests of the country as a whole.