II 

118TH CONGRESS 

1ST SESSION S. 756 

To amend the Internal Revenue Code of 1986 to expand prohibitions under 

the clean vehicle credit on battery components manufactured or assembled by corporations associated with foreign entities of concern, and 

for other purposes. 

IN THE SENATE OF THE UNITED STATES 

MARCH 9, 2023 

Mr. RUBIO introduced the following bill; which was read twice and referred 

to the Committee on Finance 

A BILL 

To amend the Internal Revenue Code of 1986 to expand 

prohibitions under the clean vehicle credit on battery 

components manufactured or assembled by corporations 

associated with foreign entities of concern, and for other 

purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Restricting Electric 

5 Vehicle Outlays from Kleptomaniac Enemies Act of 2023’’ 

6 or the ‘‘REVOKE Act of 2023’’. 


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1 SEC. 2. PROHIBITION ON BATTERY COMPONENTS MANU2 FACTURED OR ASSEMBLED BY CORPORA3 TIONS ASSOCIATED WITH FOREIGN ENTITIES 

4 OF CONCERN. 

5 (a) IN GENERAL.—Subparagraph (B) of section 

6 30D(d)(7) of the Internal Revenue Code of 1986 is 

7 amended by striking ‘‘manufactured or assembled by a 

8 foreign entity of concern (as so defined).’’ and inserting 

9 the following: ‘‘manufactured or assembled by— 

10 ‘‘(i) a foreign entity of concern (as so 

11 defined), 

12 ‘‘(ii) a domestic corporation which— 

13 ‘‘(I) is controlled by, operated by, 

14 or under the substantial influence of a 

15 foreign entity of concern, or 

16 ‘‘(II) relies on technology pro17 vided through a licensing agreement 

18 with a foreign entity of concern, 

19 ‘‘(iii) a foreign corporation— 

20 ‘‘(I) which is created or orga21 nized in a country which is not de22 scribed in section 40207(a)(5)(C) of 

23 the Infrastructure Investment and 

24 Jobs Act (42 U.S.C. 18741(a)(5)(C)), 

25 and 

26 ‘‘(II) which— 


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1 ‘‘(aa) is controlled by, oper2 ated by, or under the substantial 

3 influence of a foreign entity of 

4 concern, 

5 ‘‘(bb) relies on technology 

6 provided through a licensing 

7 agreement with a foreign entity 

8 of concern, or 

9 ‘‘(cc) is owned more than 20 

10 percent by 1 or more foreign en11 tities of concern, or 

12 ‘‘(iv) any member or partner of a 

13 joint venture or partnership in which at 

14 least 1 other member or partner is a for15 eign entity of concern.’’. 

16 (b) EFFECTIVE DATE.—The amendment made by 

17 this section shall apply to vehicles sold after the date of 

18 enactment of this Act. 

19 SEC. 3. PROHIBITION ON TECHNOLOGY LICENSED FROM 

20 CORPORATIONS ASSOCIATED WITH FOREIGN 

21 ENTITIES OF CONCERN. 

22 (a) IN GENERAL.—Subparagraph (B) of section 

23 48C(c)(1) of the Internal Revenue Code of 1986 is amend24 ed to read as follows: 


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1 ‘‘(B) EXCEPTION.—Such term shall not in2 clude— 

3 ‘‘(i) any portion of a project for the 

4 production of any property which is used 

5 in the refining or blending of any transpor6 tation fuel (other than renewable fuels), or 

7 ‘‘(ii) any project which incorporates or 

8 utilizes technology provided through a li9 censing agreement with an entity described 

10 in clauses (i) through (iv) of section 

11 30D(d)(7)(B).’’. 

12 (b) EFFECTIVE DATE.—The amendment made by 

13 this section shall apply to certifications awarded under 

14 section 48C of the Internal Revenue Code of 1986 after 

15 the date of enactment of this Act. 

Æ 


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