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Finance


May 12, 2023

washington dc – Senate Finance Committee Chairman Ron Wyden (D-Oregon) issued the following statement today regarding the Treasury Department’s proposed new regulations on domestic content requirements for solar power under the Controlled Inflation Act.

“After the Chinese government and others nearly wiped out solar manufacturing in the country, robbing tens of thousands of jobs, the US solar energy supply chain is just beginning to recover. We drafted the Inflation Control Act to make a historic investment in rebuilding manufacturing, but the rules the Biden administration is proposing today fall short of taking full advantage of that opportunity.

“Right now, Republicans are working to eliminate the critical energy portion of the IRA, which would be a gift to foreign producers and would seriously undermine efforts to build a full domestic supply chain. Democrats.” need to get this right.”

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