U.S. Senators Move to Deny Chinese Solar Firms Lucrative Tax Credits

(Bloomberg) — Companies with ties to China and other foreign adversaries would be barred from getting a tax credit meant to bolster domestic energy manufacturing under legislation advanced Wednesday by Democratic Senator Sherrod Brown.

The measure gives Brown an opportunity to burnish his pro-manufacturing bonafides during a tough reelection contest in Ohio, amid growing scrutiny of Chinese companies building vehicle battery and solar panel factories across the U.S. Although the legislation is unlikely to swiftly reach a Senate floor vote, a similar proposal could be taken up by the House in September.