Bill · H.R. 8786· House(119-HR-8786)
INVEST Act
- Introduced
- 5/13/2026
- Last activity
- 5/13/2026 — Referred to the House Committee on Ways and Means.
- Sponsored by
- Yvette Clarke
- Cosponsors
- - 4 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the "INVEST Act," proposes to amend the Internal Revenue Code of 1986. It seeks to provide the work opportunity tax credit specifically for hiring certain veterans in the renewable energy field. To qualify, veterans must have specific credentials, such as a Department of Defense certification in renewable energy, advanced manufacturing, machinist, welding, or engineering, a recent vocational degree, or a LEED certification. The bill also establishes how payments and losses will be handled for various possessions of the United States. These changes are set to apply to individuals who begin work after December 31, 2025.
Yes· 3 of 6
Would veterans be better off under this, taking everything together?+7
The bill specifically targets veterans with technical credentials to provide them with tax-incentivized employment opportunities.
Does this increase the pay, pensions or support veterans receive?+6
The bill enhances employment opportunities for veterans through targeted tax credits for specific technical skills.
Does this cut taxes for small businesses?+5
The bill provides a work opportunity tax credit to employers who hire specified veterans in the renewable energy sector.
The opposite
Does this reduce what the federal government spends?-2
The bill requires the Secretary of the Treasury to make payments to U.S. possessions to offset losses, increasing federal outlays.
Who it would affect, and how
Potential Positive Impacts for People
-
Tax Credits for Employers Hiring Veterans: Employers can receive the work opportunity tax credit when hiring "specified veterans" for work in renewable energy (Section 2(a)).
-
Benefits for Veterans with Specific Training: Veterans who have received Department of Defense credentials in fields like renewable energy, advanced manufacturing, machinist, welding, or engineering, those who completed a recent vocational degree in renewable energy, or those with a LEED certification can be treated as members of a targeted group (Section 2(a)(B)).
-
Support for U.S. Possessions: The Secretary of the Treasury will pay amounts to possessions of the United States to cover losses resulting from this amendment (Section 2(b)(1)).
Potential Negative Impacts for People
- Reduction of Federal Tax Credits: The credit allowed against United States income taxes may be reduced by the amount of certain credits or tax benefits allowed by a possession of the United States (Section 2(b)(2)).
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 Veterans+7Good For Low Income Households+3
- Economy And Finance
- Reduces Small Business Taxes+5Increases Job Creation+4Reduces Government Spending-2
- National Security And Foreign Policy
- Improves Veterans Benefits+6
- Environment Energy And Infrastructure
- Increases Renewable Energy Investment+5
- 6/23/2026
- 1 Cosponsor added.
- 5/13/2026
- Referred to the House Committee on Ways and Means.
- 3 Cosponsors added.
- Introduced in House
Jasmine CrockettDemocrat · Texas
William KeatingDemocrat · Massachusetts
Sydney Kamlager-DoveDemocrat · California
Eleanor NortonDemocrat · District of Columbia