ACCESS Act

Key Points

• This bill changes tax rules for companies called publicly traded partnerships. These are often energy businesses like oil and gas pipelines. The goal is to make it easier for people and large funds to invest in these businesses by removing complicated tax hurdles.
• It helps retirement accounts and charities by changing how their investment income is taxed. Currently, these groups might have to pay a special tax on money made from these partnerships. This bill removes that tax for anyone owning less than 5 percent of the company.
• Mutual funds and other big investment groups would have more freedom to buy these stocks. Right now, there are strict limits on how much of a fund can be made up of these partnerships. This bill removes some of those limits so funds can invest more money in energy infrastructure.
• The plan also makes it easier for people from other countries to invest in American energy. It removes certain tax withholding requirements and paperwork for foreign investors who own small amounts of these companies. This could bring more international money into U.S. energy projects.
• If passed, these new tax rules would start in 2027. Supporters believe this will help secure the nation's energy supply by making it cheaper and easier for companies to raise the money they need to build and maintain pipelines and power plants.

Impact Analysis

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