Senators Moreno and Barrasso urge Treasury Secretary Bessent to close an IRS loophole related to EV tax credits.
Quiver AI Summary
Senators Bernie Moreno (R-Ohio) and John Barrasso (R-Wyoming) have sent a letter to Treasury Secretary Scott Bessent urging action to close an IRS loophole that allows automobile companies to exploit electric vehicle tax credits, which are set to end. The senators expressed concern that some manufacturers are binding agreements with dealers that misinterpret tax guidance.
They described the practice as "gaming" the system, enabling companies to secure credits while delaying the leasing of vehicles to end users. The senators emphasized the need for a regulatory response to prevent this misapplication of fiscal policy, stating that it undermines Congressional intent.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Bernie Moreno Net Worth
Quiver Quantitative estimates that Bernie Moreno is worth $139.0M, as of October 1st, 2025. This is the 14th highest net worth in Congress, per our live estimates.
Moreno has approximately $557.6K invested in publicly traded assets which Quiver is able to track live.
You can track Bernie Moreno's net worth on Quiver Quantitative's politician page for Moreno.
Bernie Moreno Bill Proposals
Here are some bills which have recently been proposed by Bernie Moreno:
- S.2359: SAFE HIRE Act
- S.2320: Compressed Gas Cylinder Safety and Oversight Improvements Act of 2025
- S.1771: Larry Henderson Act
- S.1653: USA CAR Act
- S.1492: Deploying American Blockchains Act of 2025
- S.1388: PROTECT Act of 2025
You can track bills proposed by Bernie Moreno on Quiver Quantitative's politician page for Moreno.
Bernie Moreno Fundraising
Bernie Moreno recently disclosed $140.1K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 549th most from all Q2 reports we have seen this year. 56.3% came from individual donors.
Moreno disclosed $217.6K of spending. This was the 243rd most from all Q2 reports we have seen from politicians so far this year.
Moreno disclosed $1.1M of cash on hand at the end of the filing period. This was the 285th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Bernie Moreno's fundraising on Quiver Quantitative.
