Proposed
Bill · 119th Congress · S 4158
A bill to temporarily suspend the clean electricity production credit to support the Strategic Petroleum Reserve.
Refreshed 28 min ago
Introduced 2026-03-20Topic: energy · taxes · climateSummary
AI-generated summary, report an errorThis bill would pause the federal clean electricity production tax credit (Section 45Y of the Internal Revenue Code). The credit would not apply to electricity produced from October 1, 2025, through September 30, 2027. The Secretary of the Treasury would deposit an amount equal to the added tax revenue from this pause into the account used to buy oil for the Strategic Petroleum Reserve.
Sponsors
- Tom Cotton Republican sponsor
- 0 cosponsors
Action history
| Date | Chamber | Action | Status effect |
|---|---|---|---|
| 2026-03-20 | Senate | Read twice and referred to the Committee on Finance. | refer |
| 2026-03-20 | Introduced in Senate | introduce |