Referred to the House Committee on Ways and Means.
The bill ends federal clean electricity production and investment tax credits for wind and solar facilities whose construction begins after December 31, 2030, with those amendments effective January 1, 2026. It adopts the Notice 2013‑29 start‑of‑construction rules for determining beginning of construction.
Progressives emphasize climate and jobs harms from wind/solar credit termination
Relative to its intended legislative type, this bill is a focused substantive tax-policy change that is legally specific where it amends the Internal Revenue Code: it identifies precise sections to change, sets clear cutoff dates, incorporates an established construction-start regime, and defines the class of disqualified entities and countries.
The bill ends federal clean electricity production and investment tax credits for wind and solar facilities whose construction begins after December 31, 2030, with those amendments effective January 1, 2026.
It adopts the Notice 2013‑29 start‑of‑construction rules for determining beginning of construction.
The bill also denies a wide set of federal clean energy tax benefits to taxpayers that are "disqualified companies" connected to specified "countries of concern" (China, Russia, Iran, North Korea), requires Treasury guidance within 180 days, and applies that denial after guidance is issued.
Significant, ideologically loaded changes to energy tax policy and beneficiary restrictions make passage uncertain without broad compromise.
Relative to its intended legislative type, this bill is a focused substantive tax-policy change that is legally specific where it amends the Internal Revenue Code: it identifies precise sections to change, sets clear cutoff dates, incorporates an established construction-start regime, and defines the class of disqualified entities and countries. It also builds in an administrative step (Treasury guidance) for implementing the denial provision.
Progressives emphasize climate and jobs harms from wind/solar credit termination
These are examples from the analysis, not a ranked list of the most-affected groups.
Progressives emphasize climate and jobs harms from wind/solar credit termination
Likely views the bill negatively as a planned rollback of major incentives for wind and solar, risking slower emissions reductions and lost clean energy jobs.
The national‑security provision limiting benefits to certain foreign‑connected entities is understood but seen as insufficient mitigation for the larger subsidy eliminations.
Impacts on emissions, electricity prices, and jobs are plausible but somewhat speculative depending on market responses.
A mixed view: the bill provides a clear statutory deadline and addresses national‑security concerns, but it may create market uncertainty and undercut climate objectives.
A centrist would seek cost estimates, impact analyses, and clearer Treasury guidance before supporting it.
Likely supportive because the bill curbs government subsidies for wind and solar and protects taxpayers by denying benefits to entities tied to adversary nations.
It aligns with preferences for smaller government intervention and guarding national security interests.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Significant, ideologically loaded changes to energy tax policy and beneficiary restrictions make passage uncertain without broad compromise.
The bill has not accumulated any surfaced votes yet.
Progressives emphasize climate and jobs harms from wind/solar credit termination
Significant, ideologically loaded changes to energy tax policy and beneficiary restrictions make passage uncertain without broad compromise.
Relative to its intended legislative type, this bill is a focused substantive tax-policy change that is legally specific where it amends the Internal Revenue Code: it identifies precise sections to change, sets clear cu…
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