HR 8495 United States House · 118th Congress

EV Fair Trade Act of 2024

The EV Fair Trade Act of 2024 requires electric vehicle (EV) companies receiving federal assistance (like grants or loans) to certify they do not use forced labor or child labor in their supply chains - from mineral extraction to final assembly. Companies must submit certifications to the Labor Department’s Bureau of International Labor Affairs, which will maintain a public database tracking valid certifications. Failure to certify or providing false certification results in denial of federal aid and potential $250,000 fines for false allegations; additionally, non-compliant companies lose tax credits for manufacturing during the period of non-compliance. The law expires after 7 years, with annual audits of 10% of certifications and public reporting on compliance.

Issues: ✓ Labor & Employment

Bill status in committee 1 of 4 stages cleared

Introduction

May 2024

Committee Review

Floor Vote

President

Introduced May 22, 2024 Last action May 22, 2024

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Committee

May 22, 2024

Committee

Referred to the Committee on Oversight and Accountability, and in addition to the Committees on Education and the Workforce, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

lower

May 22, 2024

Introduced

Introduced in House

lower

1 primary · 2 co-sponsors