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U.S. government relaxes rules on Foreign Entity of Concern, IRA tax credits
On May 3, 2024, the U.S. Department of Energy (DOE) finalized its guidance interpreting the statutory definition of “foreign entity of concern” (FEOC) in Section 40207 of the Bipartisan Infrastructure Law (BIL).
The BIL defines a FEOC, as an entity that is “owned by, controlled by, or subject to the jurisdiction or ....
The BIL defines a FEOC, as an entity that is “owned by, controlled by, or subject to the jurisdiction or ....
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