HR310Referred to Committee
Restoring Energy Market Freedom Act
Introduced
In Committee
3
Passed One Chamber4
Passed Both5
Signed into Law119th
Congress
2025-01-09
Introduced
3
Cosponsors
HR
ⓘType
Sponsor
Scott Perry
Republican · PA · Representative
Votes with party: 86.4% (595 recorded votes)
Top industries funding sponsor:
- Conservative Groups$2,079k
Full profile: /officials/P000605
Source: Congress.gov · FEC
Cosponsors (3)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Committee Activity
Currently in
- House Committee on Ways and MeansReferred To · 2025-01-09
Plain-English Summary
Restoring Energy Market Freedom Act This bill repeals multiple business tax credits related to the production and sale of energy. Specifically, the bill repeals the renewable electricity production tax credit (for electricity using wind, solar, or other specific types of renewable energy produced by a qualified facility for which construction began before 2025); clean electricity production tax credit (for electricity produced using a qualified facility that has no greenhouse gas emissions and was placed into service in 2025 or after); advanced nuclear production tax credit (for electricity produced and sold by a qualified nuclear power facility placed into service before 2021); zero-emission nuclear power production tax credit (for electricity produced and sold by a qualified nuclear power facility between 2024 and 2032); carbon sequestration tax credit (for the capture and sequestration of carbon oxide); clean hydrogen production tax credit (for clean hydrogen produced at a qualified clean production facility); advanced manufacturing production tax credit (for the production and sale of qualified components, including solar and wind energy components); energy investment tax credit (for investments in certain qualified energy property placed into service before 2025); clean electricity investment credit (for investments in qualified energy property placed into service in 2025 or after); qualifying advance coal project tax credit (for investments in qualifying advanced coal projects), clean coal investment tax credit (for investments in qualifying gasification projects); advanced energy project tax credit (for investments in qualifying advanced energy projects); and advanced manufacturing investment tax credit (for investments in semiconductor or semiconductor manufacturing equipment).
Plain-English rewrite of the Congressional Research Service summary published on Congress.gov. Cached and reviewed.
Subjects
Taxation
Full bill text is not yet cached locally.
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