Bill · H.R. 2545· House(119-HR-2545)
Financing Our Energy Future Act
- Introduced
- 4/1/2025
- Last activity
- 4/1/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Ron Estes
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The ``Financing Our Energy Future Act'' aims to amend the Internal Revenue Code of 1986. It seeks to extend the publicly traded partnership ownership structure to include various energy and fuel sectors. These include energy power generation projects, energy storage, and the transportation or storage of specific fuels. The bill also covers the production and transport of renewable chemicals and carbon oxide-related fuels. The changes are intended to apply to taxable years starting after December 31, 2025.
Yes· 3 of 10
Does this put more money into wind, solar and other renewable power?+7
The bill directly expands the ownership structures used to fund renewable energy and storage projects.
Does this cut the pollution that drives climate change?+6
The bill incentivizes technologies like carbon capture and renewable fuels that can reduce emissions.
Would people with substantial wealth be better off under this?+5
The expansion of partnership structures is particularly beneficial for high-net-worth investors.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Expansion of Energy Ownership Structures: The bill extends the publicly traded partnership ownership structure to various energy sectors, such as the generation of electric power or thermal energy using qualified resources (Section 2(a)(ii)).
-
Support for Energy Storage and Distribution: It includes provisions for the storage of electric power or thermal energy using energy storage technology (Section 2(a)(v)), as well as the generation, storage, or distribution of power via combined heat and power systems (Section 2(a)(vi)).
-
Advancement of Fuel Technologies: The bill covers the transportation or storage of specific fuels, including liquified or compressed hydrogen (Section 2(a)(vii)) and the conversion of renewable biomass into renewable fuel (Section 2(a)(viii)).
-
Carbon Management and Capture: It provides for the production, storage, or transportation of fuels that use captured carbon oxides as a primary feedstock (Section 2(a)(ix)) and addresses qualified facilities that capture carbon dioxide (Section 2(a)(xi)).
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Nuclear and Renewable Chemical Support: The act includes the generation of power from advanced nuclear facilities (Section 2(a)(xii)) and the production, storage, or transportation of specific renewable chemicals produced in the United States (Section 2(a)(xiii)).
Potential Negative Impacts for People
- No specific negative impacts or burdens are explicitly detailed within the provided text of the bill.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Billionaires+5Good For High Net Worth Individuals+5Good For Ultra High Net Worth Individuals+5Good For Business Owners+4Good For Farmers+2
- Environment Energy And Infrastructure
- Increases Renewable Energy Investment+7Reduces Carbon Emissions+6Improves Environmental Protections+3
- Economy And Finance
- Improves Economic Growth+4Increases Job Creation+3
- 4/1/2025
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Mike ThompsonDemocrat · California