Congress·In Committee·H.R. 8786

INVEST Act

Veteran Hiring: Renewable Energy Tax Credit

May 13·View on Congress.gov·Read full text

Next up: A house committee

The INVEST Act was recently introduced in the House and is currently being reviewed by the House Committee on Ways and Means. This bill is actively moving through the early stages of the legislative process. There are no other scheduled actions at this time.

Legislative Progress

House

Senate

President

Law

Unlikely to pass

While supporting veterans is popular, the bill currently lacks Republican cosponsors and tax code changes are difficult to pass without broad agreement.

Key Points

This bill creates a tax break for businesses that hire veterans for jobs in the renewable energy sector. This includes work related to solar, wind, water power, and geothermal energy.
To qualify for the credit, the veteran must have specific training. This includes military experience in engineering or welding, a recent degree in renewable energy, or a green building certification.
The policy aims to help veterans find stable careers in growing industries while helping the country move toward cleaner energy sources.
The tax credit would apply to veterans hired after December 31, 2025. It also ensures that businesses in U.S. territories like Puerto Rico and Guam can participate in the program.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

May 13, 2026House

Referred to the House Committee on Ways and Means.

May 13, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

INVEST Act

Bill NumberHR 8786

Congress119th Congress

ChamberHouse of Representatives

Latest ActionReferred to the House Committee on Ways and Means.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(3)

D: 3

Analysis generated by AI. Always verify with official sources.