WASHINGTON, D.C. — The Coalition for a Prosperous America (CPA) today strongly condemned the Senate’s final reconciliation bill, which removes the critical Foreign Entity of Concern (FEOC) Excise Tax and substantially weakens FEOC prohibitions on Inflation Reduction Act (IRA) tax credits. These changes represent a dangerous and unacceptable giveaway to China’s subsidized solar industry, directly undermining American manufacturers, jobs, and national security. CPA is strongly supportive of the FEOC Excise Tax and stringent prohibitions on FEOC entities being eligible for IRA tax credits.
“The Senate’s decision to remove the FEOC Excise Tax and weaken FEOC restrictions is a blatant giveaway to the Chinese Communist Party’s solar industry,” said CPA President Jon Toomey. “By gutting these provisions, Senators have chosen an America Last bill that puts Chinese slave labor, coal-powered factories, and CCP-subsidized equipment over American workers, U.S. manufacturers, and our national security. We strongly urge House lawmakers to reject this misguided approach and restore stringent protections against CCP influence in our critical solar energy infrastructure.”
The FEOC Excise Tax and related FEOC prohibitions were essential safeguards designed to incentivize domestic solar production and prevent American tax credits from flowing to Chinese solar manufacturers that rely on forced labor and coal-powered energy. Weakening these provisions now allows developers to freely stockpile Chinese equipment without restrictions, benefiting China’s state-backed solar manufacturers at the expense of American workers and manufacturers.
CPA calls on House lawmakers to stand firm, reject the Senate’s concessions to the CCP, and reinstate robust FEOC protections and the FEOC Excise Tax. American energy infrastructure should never depend on adversarial nations. Congress must ensure these protections remain in place to safeguard our economic independence and national security.
# # #
