[Congressional Record Volume 168, Number 133 (Saturday, August 6, 2022)]
[Senate]
[Page S4310]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 5303. Mrs. FISCHER submitted an amendment intended to be proposed 
to amendment SA 5194 proposed by Mr. Schumer to the bill H.R. 5376, to 
provide for reconciliation pursuant to title II of S. Con. Res. 14; 
which was ordered to lie on the table; as follows:

        At the end of part IX of subtitle D of title I, insert the 
     following:

     SEC. 13903. PROHIBITION ON TAX BENEFITS FOR PRODUCTS PRODUCED 
                   BY COVERED FOREIGN COUNTRIES.

       (a) In General.--With respect to any credit or deduction 
     allowed under the Internal Revenue Code of 1986 which is 
     added or amended by any provision of this subtitle, such 
     credit or deduction shall not be allowed with respect to any 
     facility, project, or property which includes or otherwise 
     uses any covered technology which is acquired, purchased, or 
     procured from a covered foreign country.
       (b) Covered Foreign Country.--For purposes of this section, 
     the term ``covered foreign country'' means any of the 
     following:
       (1) The Russian Federation.
       (2) The Islamic Republic of Iran.
       (3) The Democratic People's Republic of Korea
       (4) The People's Republic of China.
       (c) Covered Technology.--For purposes of this section, the 
     term ``covered technology'' means--
       (1) solar photovoltaic modules,
       (2) wind turbines,
       (3) electric vehicle batteries, and
       (4) any component or part (including any critical minerals) 
     used in the production of any property described in 
     paragraphs (1) through (3).
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