Mike Lee (R-UT)

Energy Freedom Act

S. 1721 · Senate bill Taxation

A Republican bill with no cosponsors

Last activity — Read twice and referred to the Committee on Finance.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

The Energy Freedom Act is a bill designed to amend the Internal Revenue Code of 1986. Its primary purpose is to repeal various green energy tax subsidies. The legislation targets a wide range of credits, including those for home improvements, clean vehicles, and renewable electricity. It also includes provisions to repeal incentives for various fuels and manufacturing credits. Additionally, the bill seeks to repeal the tax on petroleum. Most of these changes are set to take effect after December 31, 2025.

Yes

  • Scored +5

    Does this reduce what the federal government spends?

    The bill reduces federal spending by repealing numerous renewable energy tax credits and subsidies.

  • Scored +3

    Is this likely to lower the price at the pump?

    The repeal of the tax on petroleum is intended to lower energy costs at the pump.

  • Scored +1

    Would high-income households be better off under this?

    The repeal of various credits may result in lower tax liabilities for very high earners who do not rely on these specific incentives.

The opposite· 3 of 13

  • Scored -8

    Does this put more money into wind, solar and other renewable power?

    The bill repeals major investment and production credits for renewable energy, solar, and wind.

  • Scored -7

    Does this cut the pollution that drives climate change?

    The repeal of clean energy, hydrogen, and carbon sequestration credits removes incentives for reducing carbon output.

  • Scored -6

    Does this reduce how much oil, gas and coal is produced?

    The repeal of green subsidies may result in less pressure to transition away from fossil fuels.