Methane Reduction and Economic Growth Act

Hozzl · 2023-12-15T15:59:14Z

Explore the details of House Bill 3982 Methane Reduction and Economic Growth Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/15/2023, 3:59 PM

Summary of Bill HR 3982

Bill 118 hr 3982, also known as the Methane Reduction and Economic Growth Act, aims to address the issue of methane emissions in the United States. Methane is a potent greenhouse gas that contributes to climate change, and reducing emissions of this gas is a key priority for many lawmakers.

The bill includes provisions to incentivize the reduction of methane emissions from various sources, such as oil and gas operations, landfills, and agriculture. It also includes measures to promote the development and deployment of technologies that can help reduce methane emissions.

One of the key goals of the bill is to strike a balance between reducing methane emissions and promoting economic growth. The bill recognizes that many industries rely on the production and use of methane, and seeks to find ways to reduce emissions without unduly burdening these industries. Overall, the Methane Reduction and Economic Growth Act is a comprehensive piece of legislation that seeks to address the urgent issue of methane emissions in a way that is both effective and economically sustainable. It has garnered support from both Democrats and Republicans, and is seen as a positive step towards addressing climate change and promoting a cleaner, more sustainable future for the United States.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 3982

Bill HR 3982 is currently in the status of Bill Introduced since June 9, 2023. Bill HR 3982 was introduced during Congress 118 and was introduced to the House on June 9, 2023. Bill HR 3982's most recent activity was Referred to the House Committee on Ways and Means. as of June 9, 2023

Bipartisan Support of Bill HR 3982

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 3982

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 3982

Methane Reduction and Economic Growth ActMethane Reduction and Economic Growth ActTo amend section 45Q of the Internal Revenue Code of 1986 to establish the mine methane capture incentive credit.

Start holding our government accountable!