HR 310 · 119th CongressIn Committeecongress.gov ↗

Restoring Energy Market Freedom Act

Road to The Floor

How it works

Introduced

In Committee

On The Floor

Passed a Chamber

Passed Congress

To President

Became Law

What this bill does

AI plain-language summary

This bill would get rid of a large number of tax credits that businesses can currently receive for producing or investing in various types of energy and manufacturing. These tax credits cover a wide range of activities, including producing electricity from wind, solar, and nuclear power, capturing carbon emissions, making clean hydrogen, manufacturing energy-related parts like solar and wind components, and investing in coal, advanced energy, and semiconductor projects. In short, the bill would remove tax breaks that the government currently offers to encourage these energy and manufacturing activities.

Introduced

January 9, 2025

Policy Area

Taxation

Your Vote

Discussion (0)

Explain what is at stake in this bill.

Sign in to join the discussion.

No comments yet. Be the first.