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Department of the Treasury

Federal Announcements

DOE Releases Final Interpretive Guidance on the Definition of Foreign Entity of Concern

| Department of Energy (DOE), Department of the Treasury, Internal Revenue Service (IRS) | Batteries, Electric Vehicle, Product Development Cycle, Supply Chain

The U.S. Department of Energy finalized its guidance interpreting the statutory definition of “foreign entity of concern” (FEOC) in Section 40207 of the Bipartisan Infrastructure Law. The FEOC interpretive guidance is designed to limit the participation of FEOCs in domestic battery supply chains and bolster the growth of domestic and friend-shored battery materials processing and manufacturing.

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Department of Energy Releases Proposed Interpretive Guidance on Foreign Entity of Concern for Public Comment

| Department of Energy (DOE), Department of the Treasury, Internal Revenue Service (IRS) | Batteries, Electric Vehicle, Supply Chain

The U.S. Department of Energy released a notice of its proposed guidance and a request for public comment on its proposed interpretation of the statutory definition of “foreign entity of concern” (FEOC) in the Bipartisan Infrastructure Law, which is designed to limit the participation of FEOCs within domestic battery supply chains, particularly within government-supported programs, and bolster the growth of domestic and friend-shored battery materials processing and manufacturing.

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