hold on there's just too much going on in Congress lmao...
Temporarily stops clean electricity tax credits; funds go to national oil reserve.
Senator Cotton (R-AR)
Introduced in the Senate; referred to committee
Senator Tom Cotton (R-AR) introduced this bill to temporarily stop a specific tax credit for clean electricity production from October 2025 to September 2027. The money that would have been provided through these credits would instead be deposited into the Strategic Petroleum Reserve (SPR) account. This bill has been referred to the Senate Finance Committee for review.
Introduced Mar 20, 2026
This bill was introduced in the Senate on March 20, 2026. After introduction, it was referred to the Senate Committee on Finance. For it to become law, it would need to pass in both the Senate and the House of Representatives, and then be signed by the President.
For two fiscal years, from October 1, 2025, to September 30, 2027, the government would stop providing the clean electricity production tax credit. The money that would have been used for these credits will instead be deposited into the national Strategic Petroleum Reserve (SPR) account, which is used to maintain an emergency supply of crude oil.
Supporters Say
Arguments for or against this bill are not specified in the bill text.
Critics Say
Arguments for or against this bill are not specified in the bill text.
The provided bill text does not include information on specific viewpoints, endorsements, or criticisms from supporters or critics regarding this legislation.