hold on there's just too much going on in Congress lmao...
Blocks an IRS rule on clean energy construction tax credits.
Sen. Cortez Masto and other senators.
Cleared committee, awaiting Senate vote.
This joint resolution aims to reject a specific IRS rule (Notice 2025-42) concerning when construction must begin to qualify for tax credits for wind and solar clean electricity projects. If passed, this rule would be void. Senator Cortez Masto introduced the bill, and it was discharged from the Senate Committee on Finance by petition, meaning it's now on the Senate's legislative calendar for a vote.
Introduced Feb 12, 2026
The bill was introduced in the Senate on February 12, 2026. It was then referred to the Senate Committee on Finance. On March 19, 2026, it was discharged from the committee by petition, meaning a majority of senators signed a petition to bring it directly to the floor. It is now on the Senate calendar, ready for a potential vote.
If this resolution passes, an IRS rule (Notice 2025-42) regarding the 'beginning of construction' requirements for clean electricity production and investment tax credits for wind and solar facilities would be nullified. This means the criteria for when a project starts construction to qualify for these tax credits would revert to previous guidelines or remain undefined until new rules are established. This directly affects developers and investors in wind and solar energy, potentially altering how they plan and finance projects.
Supporters Say
Supporters want to prevent the IRS rule from affecting clean energy tax credits.
Critics Say
The bill text doesn't specify critics or their arguments for the IRS rule.
The bill text only states that Congress 'disapproves' the IRS rule, implying a belief that the rule is problematic or undesirable. Without additional context from the bill, specific arguments for or against this disapproval are not detailed in the provided text.