hold on there's just too much going on in Congress lmao...
Lets disaster-affected businesses sell unused tax credits.
Sen. Graham (R-SC) and Sen. Cantwell (D-WA)
Introduced in Senate, referred to Finance Committee.
This bill modifies the tax code to allow businesses with general business credit carryforwards (like renewable energy or investment credits) from 2023 or later to transfer those credits for cash, but only for expenses incurred in a disaster area. The sponsors are from states prone to disasters. Being in committee means it hasn't been voted on yet.
Introduced Jan 8, 2026
This bill has been introduced in its chamber of Congress. It has been assigned a bill number and referred to a committee for review. Most bills never advance past this stage. The committee may hold hearings, gather expert testimony, and amend the bill before deciding whether to send it to the full chamber for a vote.
If you own a business in a disaster zone, you could convert unused tax credits into immediate cash to rebuild or invest. The bill limits eligible credits to specific types (like energy credits). The expenses must be in a qualified disaster area and occur within two years of the disaster. This helps businesses that can't use credits right away.
Supporters Say
Supporters say it helps disaster-hit businesses get cash faster to rebuild and invest.
Critics Say
Critics worry it could reduce tax revenue and benefit only businesses with large credit carryforwards.
Supporters also argue it's a targeted way to stimulate local economies after disasters. Critics may say it sets a precedent for trading credits, potentially abused, and doesn't directly help individuals or small businesses without credits.