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HR 3690 118th Congress House Taxation

Financing Our Energy Future Act

Introduced: May 8, 2024 Introduced by: Estes, Ron Republican · Kansas 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
May 25, 2023
Referred to the House Committee on Ways and Means.
May 25, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Financing Our Energy Future Act

This bill expands the types of partnerships that qualify for treatment as publicly traded partnerships instead of as corporations for tax purposes.

Under current law, partnerships that meet certain gross income requirements (i.e., at least 90% of the partnership's gross income in a taxable year consists of qualifying income) are excepted from being treated as a corporation for tax purposes. This bill expands the sources of income that are considered qualifying income and make a partnership eligible for such an exception.

Specifically, the bill provides that income derived from the generation of specified alternative energy, alternative fuel projects, or the associated property, storage, or transportation for such projects (e.g., the conversion of renewable biomass into renewable fuel or the storage or transportation of such fuel) is considered qualifying income.

What's happening now May 25, 2023

Referred to the House Committee on Ways and Means.

 Related & companion bills 1
  • S 2641 Related bill Financing Our Energy Future Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 5

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

 Cosponsors 9
All 9 Democratic 3 Republican 5
Pascrell, Bill
· May 8, 2024
 R
Carey, Mike
Ohio · Feb 13, 2024
 D
DelBene, Suzan K.
Washington · Feb 13, 2024
 R
Kelly, Mike
Pennsylvania · Dec 14, 2023
 R
LaHood, Darin
Illinois · Nov 7, 2023
 R
Miller, Carol D.
West Virginia · Nov 7, 2023
 R
Van Duyne, Beth
Texas · Nov 7, 2023
 D
Fletcher, Lizzie
Texas · Oct 11, 2023
 D
Thompson, Mike
California · May 25, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3690: Financing Our Energy Future Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3690/
MLA
"H.R. 3690: Financing Our Energy Future Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3690/.
Bluebook (legal)
H.R. 3690, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3690/.
Markdown link
[H.R. 3690: Financing Our Energy Future Act](https://openamerica.io/bill/118-HR-3690/)
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