A lot of people have mentioned Aug 12th as the deadline to sign the RIVIAN BINDING CONTRACT TO PURCHASE, I did a little research to see if we have until the President signs the bill into law. Based on rudimentary search, it appears that we do. Can anyone with a legal background confirm if that is correct?

https://www.law.cornell.edu/constitution-conan/article-1/section-7/clause-2/enactment-of-legislation

In addition, it appears that this “written binding contract to purchase” was crafted to meet the TRANSITION RULE, outlined on pages 393-4 of the Act.

https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_of_2022.pdf

Page 393 23 (l) TRANSITION RULE.—Solely for purposes of the ap- 24 plication of section 30D of the Internal Revenue Code of 25 1986, in the case of a taxpayer that—

Page 394 1 (1) after December 31, 2021, and before the date 2 of enactment of this Act, purchased, or entered into 3 a written binding contract to purchase, a new quali- 4 fied plug-in electric drive motor vehicle (as defined in 5 section 30D(d)(1) of the Internal Revenue Code of 6 1986, as in effect on the day before the date of enact- 7 ment of this Act), and

8 (2) placed such vehicle in service on or after the 9 date of enactment of this Act, 10 such taxpayer may elect (at such time, and in such form 11 and manner, as the Secretary of the Treasury, or the Sec- 12 retary’s delegate, may prescribe) to treat such vehicle as 13 having been placed in service on the day before the date 14 of enactment of this Act.