One Big Beautiful Bill Act

Floor Speech

Date: July 2, 2025
Location: Washington, DC

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Mr. LaHOOD. Mr. Speaker, I rise to enter into a colloquy with the gentleman from Missouri regarding the termination of the commercial clean vehicles credit in the One Big Beautiful Bill Act.

Is it your understanding and intent, Chairman Smith, for the purposes of this provision, vehicles shall be treated as ``acquired'' as of the date on which a written binding contract is entered into for their acquisition and a payment has been made?

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Mr. LaHOOD. Mr. Speaker, I associate myself with the comments of the managers. I am pleased to know their legislative intent.

Mr. Speaker, in closing, I urge my colleagues to support this commonsense legislation.

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