S4158Referred to Committee

A bill to temporarily suspend the clean electricity production credit to support the Strategic Petroleum Reserve.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-03-20
Introduced
0
Cosponsors
S
ⓘ
Type

Sponsor

Tom Cotton
Tom Cotton
Republican · AR · Senator
Votes with party: 34.9% (318 recorded votes)

Full profile: /officials/C001095

Source: Congress.gov · FEC

Cosponsors (0)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

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 →

Read twice and referred to the Committee on Finance.

2026-03-20

Source: Congress.gov

Committee Activity

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Plain-English Summary

This bill would pause a tax credit that encourages companies to produce clean electricity from sources like wind and solar, temporarily redirecting the money that would have gone to those credits toward filling the Strategic Petroleum Reserve (the government's emergency stockpile of oil). The suspension would affect renewable energy companies and investors who currently benefit from the tax incentive, while freeing up federal funds for oil purchases.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Taxation

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4158 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4158 To temporarily suspend the clean electricity production credit to support the Strategic Petroleum Reserve. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 20, 2026 Mr. Cotton introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To temporarily suspend the clean electricity production credit to support the Strategic Petroleum Reserve. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. TEMPORARY SUSPENSION OF CLEAN ELECTRICITY PRODUCTION CREDIT. (a) In General.--Section 45Y of the Internal Revenue Code of 1986 is amended by adding at the end the following: ``(i) Suspension During Fiscal Years 2026 and 2027.--This section shall not apply with respect to any electricity produced during the period beginning on October 1, 2025, and ending on September 30, 2027.''. (b) Transfer to SPR Petroleum Account.--The Secretary of the Treasury shall deposit into the SPR Petroleum Account established under section 167(a) of the Energy Policy and Conservation Act (42 U.S.C. 6247(a)) amounts equal to the increase in revenues to the Treasury by reason of the amendment made by subsection (a). <all>
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