Text of Senate Amendment 476

Text of Senate Amendment 476

Congressional Record, Volume 171 Issue 34 (Thursday, February 20, 2025) [Congressional Record Volume 171, Number 34 (Thursday, February 20, 2025)] [Senate] [Pages S1198-S1199] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] SA 476. Mr. PETERS submitted an amendment intended to be proposed by him to the concurrent resolution S. Con. Res. 7, setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034; which was ordered to lie on the table; as follows: At the end of title III, add the following: SEC. 3___. DEFICIT-NEUTRAL RESERVE FUND RELATING TO ENSURING UNITED STATES DOES NOT CEDE FUTURE OF BATTERY SUPPLY CHAIN TO CHINA. The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution, and make adjustments to the pay-as-you-go ledger, for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to ensuring that the United States does not cede the future of the battery supply chain to the People's Republic of China, including by supporting tax incentives similar to the incentive provided under section 45X of the Internal Revenue Code of 1986, incentivizing investments in domestic battery manufacturing and research and development, such as the incentive included in [[Page S1199]] the Infrastructure Investment and Jobs Act (Public Law 117- 58; 135 Stat. 429), or strengthening Department of Energy loan programs designed to boost battery manufacturing in the United States, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over the period of the total of fiscal years 2025 through 2034. ______