Stop Executive Overreach on Trade Agreements Act

The Biden administration has been bypassing Congressional authority and as a result they are making flimsy, band-aid agreements that hurt our economic security, our national security, and the taxpayers' wallets. 

House Republicans are having to manage the repercussions of Biden's rushed Inflation Reduction Act. The legislation requires that critical minerals in electric vehicle (EV) batteries be sourced domestically or from a Free Trade Agreement (FTA) partner to receive a tax credit.

 “Free Trade Agreement” is a well understood term that refers to comprehensive trade agreements such as the U.S.-Mexico-Canada Agreement (USMCA) and others that have been approved by Congress.

However, the administration has found these requirements too constraining and chosen to bypass Congressional authority. Instead of making thoughtful, enforceable, and Congressionally-ratified trade agreements, they are making short-sighted agreements to cover their short-sighted plan and it is discouraging both domestic development as well as meaningful international partnerships.  

This week, I introduced the Stop Executive Overreach on Trade Agreements Act. This legislation clearly defines FTA and only allows minerals sourced domestically or by FTA partners to benefit from the tax credit, returning authority back to Congress where it belongs. It incentivizes domestic producers, strengthens thoughtful trade partnerships, and saves taxpayers $109 million. The bill passed through the Ways and Means Committee 25-16. I look forward to seeing this bill brought to the floor for a vote.

You can watch my full opening statement in the Ways and Means Committee markup of the legislation here.

High Schoolers Come to D.C.

It's always fun to talk with students when they are out in Washington, D.C. If your school is planning a trip, be sure to contact my office!

Special shoutout to Glencoe-Silver Lake High School, Lincoln High School, Marshall County High School, and New York Mills High School, pictured

Great Hearing from you, Minnesota Broadcasters

I had a great visit with the Minnesota Broadcasters when they came in to discuss some of their legislative priorities. They’ve got over 300 members that benefit from educational programs, regulatory advisory services, and networking opportunities.

Congressional Art Competition Deadline April 26

I encourage high school students from Minnesota’s Seventh Congressional District to participate in the annual Congressional Art Competition. This longstanding, non-partisan tradition is a wonderful opportunity for students from across the district to showcase their creativity and hard work. Winners will have their work on display in my Moorhead, Willmar, and Washington, D.C. offices, and the first place winner will have their work hung in the U.S. Capitol, where it will be seen by members of Congress, staff, and thousands of visitors from across the world.

The deadline for submission is April 26th. For more information, please visit my website. 

Thank you for reading!

fischbach.house.gov

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