The NO GOTION Act is currently in the early stages of the legislative process. It has been sent to the Senate Committee on Finance for review and is not yet scheduled for a vote. The bill is considered active as it waits for the committee to decide on its next steps.
Legislative Progress
Senate
House
President
Law
Unlikely to pass
This bill was introduced by a member of the minority party and faces a difficult path through a divided Congress.
How we got here
This bill’s path across every version that has carried it.
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Reintroduced
Reintroduced from S. 5249 (118th), which died when its Congress ended.
This bill stops companies from getting federal tax breaks for green energy projects if they are linked to countries the U.S. considers enemies. These countries include China, Russia, North Korea, Iran, Cuba, and Venezuela.
A company would lose its tax benefits if a foreign government from one of those countries owns at least 10 percent of it. This also applies if those governments have a say in how the company is run or if they have certain business deals together.
The goal is to keep American taxpayer money from supporting businesses that are controlled or influenced by unfriendly foreign governments. It targets credits for things like electric vehicles, wind power, and solar energy.
If passed, these rules would apply to the first full tax year after the bill becomes law. The Treasury Department would be in charge of making sure companies do not find ways to get around these new restrictions.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Feb 3, 2025Senate
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Feb 3, 2025
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes, news coverage, or related bills recorded for this bill yet.
Source Information
Document Type
Congressional Bill
Official Title
NO GOTION Act
Bill NumberS 369
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Finance.
