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American Jobs in Energy Manufacturing Act of 2021

12/31/2022, 5:45 AM

Summary of Bill HR 5369

Bill 117 hr 5369, also known as the American Jobs in Energy Manufacturing Act of 2021, aims to promote job creation and economic growth in the energy manufacturing sector in the United States. The bill focuses on supporting the development and expansion of energy manufacturing industries, such as renewable energy, natural gas, and nuclear power.

Key provisions of the bill include providing financial incentives and tax credits to companies that invest in energy manufacturing projects, as well as funding for research and development in new energy technologies. The bill also aims to streamline the permitting process for energy manufacturing projects, in order to expedite their development and implementation.

Additionally, the bill includes measures to promote workforce training and education in the energy manufacturing sector, in order to ensure that American workers have the skills and knowledge needed to succeed in these industries. The bill also includes provisions to support small businesses in the energy manufacturing sector, in order to promote entrepreneurship and innovation in the industry. Overall, the American Jobs in Energy Manufacturing Act of 2021 seeks to boost job creation, economic growth, and innovation in the energy manufacturing sector, in order to strengthen the United States' position as a global leader in energy production and technology.

Congressional Summary of HR 5369

American Jobs in Energy Manufacturing Act of 2021

This bill revises the definition of qualifying advanced energy project for purposes of the tax credit for such project. Specifically, the bill expands the definition to include property designed to produce energy from water, property designed to produce energy conservation technologies, light-, medium-, or heavy-duty electric or fuel cell vehicles, certain hybrid vehicles, and manufacturing facilities designed to reduce greenhouse gas emissions.

The definition also includes projects located in a census tract in which a coal mine closed after 1999 and in which a coal-fired electric generating unit was retired after 2009, and provides additional credit allocations for projects to retool, expand, or build new facilities that make or recycle energy-related products, and for projects in communities where coal mines have closed or coal-fired electric units have been retired.

Current Status of Bill HR 5369

Bill HR 5369 is currently in the status of Bill Introduced since September 24, 2021. Bill HR 5369 was introduced during Congress 117 and was introduced to the House on September 24, 2021.  Bill HR 5369's most recent activity was Referred to the House Committee on Ways and Means. as of September 24, 2021

Bipartisan Support of Bill HR 5369

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5369

Primary Policy Focus

Taxation

Potential Impact Areas

- Air quality
- Alternative and renewable resources
- Business investment and capital
- Climate change and greenhouse gases
- Congressional oversight
- Electric power generation and transmission
- Energy efficiency and conservation
- Energy storage, supplies, demand
- Environmental technology
- Hybrid, electric, and advanced technology vehicles
- Income tax credits
- Industrial facilities
- Manufacturing
- Solid waste and recycling

Alternate Title(s) of Bill HR 5369

To amend the Internal Revenue Code of 1986 to enhance the qualifying advanced energy project credit.
American Jobs in Energy Manufacturing Act of 2021
American Jobs in Energy Manufacturing Act of 2021