Stop Executive Overreach on Trade Agreements

Bill: 118-hr-7983
Sponsor: full_name: Rep. Fischbach, Michelle [R-MN-7]
Introduced: 2024-04-15
Policy area: Taxation
Subjects: Congressional oversight

Hybrid, electric, and advanced technology vehicles

Income tax credits

Motor vehicles

Trade agreements and negotiations
Latest action: action_date: 2024-12-17
text: Placed on the Union Calendar, Calendar No. 726.

Summaries:
action_date: 2024-04-15
action_desc: Introduced in House
text: <p><strong>Stop Executive Overreach on Trade Agreements</strong></p><p>This bill defines<em> free trade agreement</em> for purposes of the clean vehicle tax credit. A free trade agreement is an international agreement approved by Congress that eliminates duties and other restrictive regulations of commerce on substantially all the trade between the United States and one or more other countries.&nbsp; &nbsp;</p>

tv_txt: IB Union Calendar No. 726 118th CONGRESS 2d Session H. R. 7983 [Report No. 118–889] IN THE HOUSE OF REPRESENTATIVES April 15, 2024 Mrs. Fischbach introduced the following bill; which was referred to the Committee on Ways and Means December 17, 2024 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Strike out all after the enacting clause and insert the part printed in italic For text of introduced bill, see copy of bill as introduced on April 15, 2024 A BILL To amend the Internal Revenue Code of 1986 to define the term free trade agreement for purposes of the clean vehicle credit.

1. Short title This Act may be cited as the Stop Executive Overreach on Trade Agreements Act . 2. Free trade agreement defined for purposes of clean vehicle credit (a) In general Section 30D(e)(1) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (C) Free trade agreement For purposes of subparagraph (A)(i)(II), the term free trade agreement means an international agreement approved by Congress that eliminates duties and other restrictive regulations of commerce on substantially all the trade between the United States and 1 or more other countries. . (b) Effective date The amendment made by this section shall apply to vehicles placed in service after the date of the enactment of this Act.

December 17, 2024 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

tv_txt: I 118th CONGRESS 2d Session H. R. 7983 IN THE HOUSE OF REPRESENTATIVES April 15, 2024 Mrs. Fischbach introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to define the term free trade agreement for purposes of the clean vehicle credit.

1. Short title This Act may be cited as the Stop Executive Overreach on Trade Agreements . 2. Free trade agreement defined for purposes of clean vehicle credit (a) In general Section 30D(e)(1) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (C) Free trade agreement For purposes of subparagraph (A)(i)(II), the term free trade agreement means an international agreement approved by Congress that eliminates duties and other restrictive regulations of commerce on substantially all the trade between the United States and 1 or more other countries. . (b) Effective date The amendment made by this subsection shall apply to vehicles placed in service after the date of the enactment of this Act.