Latest action: Read twice and referred to the Committee on Finance.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Bill aims to give renewable energy sources equal tax benefits as fossil fuels.
The problem
Renewable energy may receive fewer tax advantages than traditional energy sources, potentially slowing clean energy adoption and investment.
The proposal
The bill would adjust tax codes to provide renewable energy with equivalent tax incentives and credits currently given to fossil fuel industries.
The impact
Energy companies, investors, consumers, and taxpayers would be affected through changes to energy costs, tax revenues, and energy mix composition.
Equal tax benefits would make renewable projects more financially attractive to investors. This could accelerate development of wind, solar, and other clean energy sources. More renewable capacity means faster transition away from fossil fuels.
Removes unfair advantage that fossil fuel industries currently enjoy through tax subsidies. Creates fairer competition based on energy technology merit rather than government preference. Allows market to better reflect true environmental costs.
Increased renewable investment typically creates construction and manufacturing jobs. Green energy sectors often provide stable, local employment opportunities. Growing industries attract workforce development and training programs.
Renewable energy has declining fuel costs once infrastructure is built. Greater renewable adoption could reduce long-term energy expenses for consumers. Decreases dependence on volatile fossil fuel markets.
Extending tax credits to renewables costs government money in foregone revenue. Federal budget would need to absorb these costs or cut spending elsewhere. Could reduce funding available for other programs.
Coal, oil, and natural gas companies could face reduced profitability and investments. Workers in traditional energy sectors might lose jobs or see wages decline. Communities dependent on fossil fuel industries could experience economic hardship.
Transition to renewables requires major infrastructure investments that raise initial costs. Energy prices might increase during transition period before savings materialize. Lower-income households could struggle with temporary price increases.
Renewable sources like wind and solar depend on weather conditions. Large-scale renewable adoption without proper grid modernization could cause reliability issues. Battery storage technology and grid updates carry significant costs.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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