American Vehicle Security Act of 2023

Bill: 118-s-63
Sponsor: full_name: Sen. Manchin, Joe, III [D-WV]
Introduced: 2023-01-25
Policy area: Taxation
Latest action: action_date: 2023-01-25
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2023-01-25
action_desc: Introduced in Senate
text: <p> <strong>American Vehicle Security Act of 2023</strong></p> <p><strong>T</strong>his bill requires the immediate implementation of amendments to the tax credit for new clean vehicles enacted by the Inflation Reduction Act of 2022. The amendments include requirements for vehicle assembly and critical mineral and battery sourcing for manufacturers.</p>

tv_txt: II 118th CONGRESS 1st Session S. 63 IN THE SENATE OF THE UNITED STATES January 25, 2023 Mr. Manchin (for himself and Mr. Braun ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To adjust the effective date for application of certain amendments made with respect to the credit for new clean vehicles.

1. Short title This Act may be cited as the American Vehicle Security Act of 2023 . 2. Application of certain amendments made with respect to the credit for new clean vehicles (a) In general Section 13401(k) of Public Law 117–169 is amended— (1) in paragraph (1), by striking paragraphs (2), (3), (4), and (5) and inserting paragraphs (2), (3), and (4) , (2) by striking paragraph (3), and (3) by redesignating paragraphs (4) and (5) as paragraphs (3) and (4), respectively. (b) Effective date The amendments made by this section shall take effect as if included in the enactment of section 13401 of Public Law 117–169 .