Tim Scott (R-SC)

Opportunities for Nuclear Energy Investment Act

S. 5641 · 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

This bill is called the Opportunities for Nuclear Energy Investment Act. It updates the Internal Revenue Code of 1986 to expand the meaning and eligibility of energy communities for certain credit rates. Specifically, it changes how nuclear communities are defined based on direct and indirect employment related to nuclear power. It also provides a special rule for when construction begins on an advanced nuclear facility so it can be deemed located in an energy community for a 10-year period. Finally, the bill expands the advanced manufacturing production credit to include distribution transformers and large power transformers.

Yes· 3 of 11

  • Scored +7

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

    It broadens the eligibility and definitions of energy communities for clean electricity investment and renewable production tax credits.

  • Scored +6

    Does this cut the pollution that drives climate change?

    The bill promotes advanced nuclear energy and clean electricity production through expanded energy community incentives.

  • Scored +5

    Does this cut taxes for small businesses?

    The bill expands tax credits for advanced manufacturing production and renewable energy investments, which can lower tax liabilities for qualifying businesses.

The opposite

No question was scored the opposite.