Biden explained that the legislation, which recently passed the House and Senate with Democrat support, "bets against American innovation." Last year, Biden implemented the 24-month moratorium on the enforcement of solar panel anti-circumvention tariffs designed to protect U.S. companies, a move the White House said would facilitate investment in domestic solar panel production capabilities.
"Passage of this resolution bets against American innovation," Biden said in a statement Tuesday. "It would undermine these efforts and create deep uncertainty for American businesses and workers in the solar industry. Therefore, I am vetoing this resolution."
Biden added that he doesn't "intend to" extend the tariff suspension when the 24-month moratorium expires in June 2024.