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HR 1562 118th Congress House Taxation

Restoring Energy Market Freedom Act

Introduced: March 10, 2023 Introduced by: Perry, Scott Republican · Pennsylvania See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 2023
Referred to the House Committee on Ways and Means.
Mar 10, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Restoring Energy Market Freedom Act

This bill repeals specified business tax credits related to electricity produced from certain renewable resources and alternative energy and investment credits related to energy projects.

Specifically, the bill repeals tax credits (i.e., money that can be offset against a tax liability) for businesses for (1) electricity produced from certain renewable resources (e.g., solar energy); (2) production of electricity from advanced nuclear power facilities; (3) carbon dioxide sequestration; (4) zero-emission nuclear power production; (5) production of clean hydrogen; (6) production and sale of specified components, such as solar energy components; and (7) production of clean electricity.

The bill also repeals tax credits for investments related to certain energy projects, including credits for (1) geothermal energy property placed in service, (2) qualifying coal projects, (3) qualifying advanced energy projects, (4) advanced manufacturing investments, and (5) clean electricity investments.

What's happening now March 10, 2023

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Republican 6
R
Cline, Ben
Virginia · May 15, 2023
 R
Burlison, Eric
Missouri · Apr 20, 2023
 R
Gosar, Paul A.
Arizona · Apr 20, 2023
 R
Biggs, Andy
Arizona · Mar 10, 2023
 R
Ogles, Andrew
Tennessee · Mar 10, 2023
 R
Roy, Chip
Texas · Mar 10, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1562: Restoring Energy Market Freedom Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-1562/
MLA
"H.R. 1562: Restoring Energy Market Freedom Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-1562/.
Bluebook (legal)
H.R. 1562, 118th Cong. (2026), https://openamerica.io/bill/118-HR-1562/.
Markdown link
[H.R. 1562: Restoring Energy Market Freedom Act](https://openamerica.io/bill/118-HR-1562/)
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