Legislation to prohibit companies affiliated with the Chinese Communist Party from qualifying for green energy production tax credits implemented by the Biden administration through the Inflation Reduction Act has been reintroduced in the 119th Congress.
The bipartisan No Official Giveaways Of Taxpayers’ Income to Oppressive Nations (NO GOTION) Act was reintroduced in the House of Representatives by Republicans John Moolenaar (MI) and Darin LaHood (IL), along with Maine Democrat Jared Golden. The bill will also be introduced in the U.S. Senate by Senator Rick Scott (R-FL)..
If signed into law, the bill would prevent any company based in China, Russia, Iran or North Korea, and the subsidiaries of those companies from benefiting from these tax credits.
The Chinese batterymaker Gotion is currently planning to build factories in Green Charter Township, and Kankakee, Illinois.
In September 2023 Moolenaar and his predecessor Mike Gallagher appealed to Treasury Secretary Janet Yellen to withhold any federal support for Chinese battery companies in the United States [see 10093].
Moolenaar has long been a vocal critic of Gotion's plans to build a $2.4 billion battery plant in his district that Democratic Gov. Gretchen Whitmer has called “the biggest ever economic development project in northern Michigan”
Gotion’s board is one-third German, one-third American and one-third Chinese. The firm's largest shareholder is Germany's Volkswagen Group owning about 26% of the company.
The text of the NO GOTION Act can be found here.
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