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Suspending clean energy tax credits to fund strategic oil reserves

This bill pauses tax credits for clean electricity production for two years. The resulting tax revenue will be used to fund and support the nation's Strategic Petroleum Reserve.
Key points
Suspension of clean electricity production tax credits from October 2025 through September 2027.
Direct transfer of saved funds to the Strategic Petroleum Reserve account.
Potential impact on the growth and cost of renewable energy projects during the suspension period.
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Status:
Introduced
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Additional Information
A bill to temporarily suspend the clean electricity production credit to support the Strategic Petroleum Reserve.
Print number: S 4158
Sponsor: Sen. Cotton, Tom [R-AR]
Process start date: 2026-03-20