SEMA Coalition Statement on Treasury Guidance Regarding Material Assistance Provided By PFEs

‍Washington, DC – Today, the Department of Treasury and the Internal Revenue Service issued a notice providing guidance on the One Big Beautiful Bill Act’s (OB3) material assistance provided by prohibited foreign entities. Mike Carr, Executive Director of the Solar Energy Manufacturers for America (SEMA) Coalition, released the following statement:

“Today’s notice provides some clarity for domestic solar manufacturers looking to make investment decisions in the United States and strengthen the security of American energy supply chains. The additional clarity will help advance the urgent task of de-risking America’s energy supply chains from Chinese influence.

We look forward to continuing to work with Treasury and the IRS on rigorous implementation of OB3 to strengthen American manufacturing and ensure Chinese-owned or controlled companies are barred from accessing U.S. taxpayer dollars, consistent with congressional intent.”