Miller's Tax and Trade Bills Pass the Ways and Means Committee

Washington D.C. - Today, the End Chinese Dominance of Electric Vehicles in America Act of 2024 and the Expedited Review of Products for GSP Act passed through the Ways and Means Committee. Congresswoman Carol Miller (R-WV) introduced these bills to improve trade policy in the United States while the Biden Administration's feckless trade agenda lies dormant.

"As a member of the Ways and Means Trade Subcommittee, I am thrilled that two of my bills passed the Ways and Means Committee today. The Biden Administration has allowed China to lead on global trade initiatives for far too long, and I am eager to implement an America first trade agenda that ensures American manufacturers, businesses, and innovation thrive. These bills are vital to securing American trade priorities, and I look forward to working with Chairman Smith, along with the rest of our colleagues, to choose American taxpayers over Chinese billionaires," said Congresswoman Miller.

The End Chinese Dominance of Electric Vehicles in America Act of 2024 would tighten the Foreign Entity of Concern (FEOC) definition for the 30D electric vehicle (EV) tax credit and prohibit Chinese companies from accessing U.S. tax dollars.

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Key Quote: "The Biden Administration has been more concerned about bowing to radical environmentalists than actually helping develop these technologies in America. This legislation will close the Chinese billionaire loophole that currently allows entities owned by billionaires from countries of concern to benefit from the Electric Vehicle (EV) subsidies, if their ties to these hostile governments are only unofficial. This bill will also ensure all components going into the battery are not sourced from China. To fix the Biden Administration's China favorable regulations that effectively exclude the top half of the supply chain from being subject to any limitation at all. Finally, this bill will prevent companies that merely partner with FEOC firms without developing any domestic intellectual property or knowledge transfer from benefiting from this tax break.I urge all my colleagues to vote yes and choose American taxpayers over Chinese billionaires," said Congresswoman Miller.

"This bill is a major step towards fixing the loopholes in the Inflation Reduction Act that allow China and other foreign entities of concern to profit from American tax dollars. We shouldn't be handing a blank check to those wishing to do us economic harm. I'm thankful to Rep. Miller for introducing this legislation," said Chairman Jason Smith.

The Expedited Review of Products for GSP Act would create an expedited process for stakeholders to petition the addition or removal of products from the Generalized System of Preferences (GSP) program. The International Trade Commission (ITC) will provide a report to Congress on the economic impacts of potentially adding or removing products, so Congress has a clear understanding of how to best expand the program and protect American manufacturing.

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Key Quote: "I also strongly commend Chairman (Adrian) Smith for including my bill, the Expedited Review of Products for GSP Act, in his package. This will ensure that Congress has the information it needs to quickly add or remove products from GSP to ensure the program is as effective as possible while also protecting American manufacturing. While this bill is a great first step, there are other trade priorities I'd be remiss to highlight. As a Chair of the Friends of Ecuador Caucus, I look forward to working with my colleague and Co-Chair Congresswoman Sewell to continue to advocate for increased trade with Ecuador and an eventual Free Trade Agreement. I appreciate that in this bill's Competitive Need Limitations (CNL) reforms will ensure that Ecuadorian roses will remain in the program. This is fantastic evidence that preference programs, like GSP, are effective at helping both developing countries and American consumers," said Congresswoman Miller.

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