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Green Energy & Fuel Support: New Investment Rules

This act aims to make it easier to invest in green energy and fuel projects, such as renewable power plants and biofuel production. By changing tax rules, more companies will be able to use beneficial investment structures, which could accelerate the development of these technologies and potentially lower energy costs in the future.
Key points
Expands investment opportunities in renewable energy, energy storage, and transportation fuels.
Provides benefits for companies involved in carbon capture and biofuel production.
Changes apply to tax years beginning after December 31, 2023.
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Expired
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Additional Information
Print number: 118_HR_3690
Sponsor: Rep. Estes, Ron [R-KS-4]
Process start date: 2023-05-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Financing Our Energy Future Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3690.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-25.

What are the main provisions?

Key points include:

  • Expands investment opportunities in renewable energy, energy storage, and transportation fuels.
  • Provides benefits for companies involved in carbon capture and biofuel production.
  • Changes apply to tax years beginning after December 31, 2023.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Estes, Ron [R-KS-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Environment Economy