Search Results for keywords:"fuel market competition"

Search Results: keywords:"fuel market competition"

S. 5145 — To amend the Internal Revenue Code of 1986 to prohibit the use of foreign feedstocks for purposes of the clean fuel production credit, and for other purposes.
September 24, 2024
Status:Introduced in Senate
Congress:118
Words:360
S. 5145, titled the “Farmer First Fuel Incentives Act,” aims to amend the Internal Revenue Code of 1986 to ensure that only feedstocks grown or produced in the United States qualify for the clean fuel production credit. This bill prohibits the use of foreign feedstocks for...
Simple Explanation
S. 5145 wants to make sure that only plants and materials grown in the United States are used to make clean fuels, and this could help local farmers. It also plans to keep giving rewards to fuel companies for making cleaner fuels until the year 2034.
H. R. 9787 — To amend the Internal Revenue Code of 1986 to prohibit the use of foreign feedstocks for purposes of the clean fuel production credit, and for other purposes.
September 24, 2024
Status:Introduced in House
Congress:118
Words:350
H.R. 9787 aims to change the Internal Revenue Code by stopping the use of foreign feedstocks in getting clean fuel production credits. This means the clean fuel must come from materials produced or grown in the U.S. The bill also extends the availability of these clean fuel...
Simple Explanation
H.R. 9787 is a bill that says people can get a special reward for making clean fuel, but only if they use materials from the U.S., not from other countries. It also plans to keep this reward available until the end of 2034, which is longer than was originally planned.

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