Restoring Energy Market Freedom Act
Rep. Perry Introduces Restoring Energy Market Freedom Act to Repeal Major Energy Tax Credits
This bill is currently in the early stages of the legislative process. It was recently sent to the House Committee on Ways and Means for review. There are no upcoming votes scheduled at this time.
Legislative Progress
This bill is led by a small group of House Republicans and faces strong opposition from those who support green energy and climate initiatives.
Key Points
Impact Analysis
Personal Impact
Small businesses in the clean energy sector, including solar installers, wind farm developers, and energy efficiency contractors, would lose access to tax credits that make their projects financially viable. Many small firms built their business models around these incentives, and sudden repeal could lead to project cancellations, layoffs, and business closures.
“Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by striking sections 45, 45J, 45Q, 45U, 45V, 45X, 45Y, 48, 48A, 48B, 48C, 48D, and 48E”
State Impacts
Milestones
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Restoring Energy Market Freedom Act
Data Sources
Sponsor
Cosponsors
(3)Analysis generated by AI. Always verify with official sources.