[Congressional Record Volume 168, Number 153 (Thursday, September 22, 2022)]
[Senate]
[Page S4971]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

      By Mr. THUNE (for himself, Mr. Cassidy, Mr. Daines, and Mr. 
        Toomey):
  S. 4939. A bill to amend the Internal Revenue Code of 1986 to prevent 
double dipping between tax credits and grants or loans for clean 
vehicle manufacturers; to the Committee on Finance.
  Mr. THUNE. Mr. President, I ask unanimous consent that the text of 
the bill be printed in the Record.
  There being no objection, the text of the bill was ordered to be 
printed in the Record, as follows:

                                S. 4939

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

     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``Ending Duplicative Subsidies 
     for Electric Vehicles Act''

     SEC. 2. COORDINATION OF ELECTRIC VEHICLE CREDITS WITH OTHER 
                   SUBSIDIES.

       (a) In General.--Section 30D(d)(3) of the Internal Revenue 
     Code of 1986, as amended by Public Law 117-169, is amended by 
     adding at the end the following new sentence: ``Such term 
     shall not include any person who has received a loan under 
     section 136(d) of the Energy Independence and Security Act of 
     2007, a loan guarantee under section 1703 of the Energy 
     Policy Act of 2005 with respect to a project described in 
     section 1703(b)(8) of such Act, or a grant under section 
     50143 of the Act titled `An Act to provide for reconciliation 
     pursuant to title II of S. Con. Res. 14' for the taxable year 
     in which the new clean vehicle is placed in service or any 
     prior taxable year.''.
       (b) Effective Date.--The amendment made by this section 
     shall apply to taxable years beginning after December 31, 
     2022.

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