In addition, HR1 restricts American adversaries such as Russia, China, Iran and North Korea from owning, controlling or supplying material assistance or components to US Based energy projects. Further, Tax credits earned by such projects cannot be transferred to those same rogue states directly or indirectly. That makes a lot of sense. China and Russia are not going to look out for you and we need to make sure we're promoting you, not them. (08:21–08:28)
CLAIM
Asserts that HR1 prevents transfer of tax credits to certain countries.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
