S.Amdt. 2038

SA 2038. Mr. PETERS submitted an amendment intended to be proposed by
him to the concurrent resolution H. Con. Res. 14, establishing 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 appropriate place, insert the following:

SEC. ___. 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 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.
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