Restoring Fuel Market Freedom Act of 2025

Hozzl · 2025-02-07T04:38:17Z

Explore the details of House Bill 311 Restoring Fuel Market Freedom Act of 2025 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/7/2025, 4:38 AM

Summary of Bill HR 311

Bill 119 HR 311 aims to make significant changes to the Internal Revenue Code of 1986 by repealing several tax credits related to alternative fuels. Specifically, the bill seeks to eliminate the alcohol fuels credit, the biodiesel fuel credit, the sustainable aviation fuel credit, the clean fuel production credit, the alcohol fuel, biodiesel, and alternative fuel mixtures credit, and other related provisions.

These tax credits were originally put in place to incentivize the production and use of alternative fuels, such as ethanol, biodiesel, and sustainable aviation fuel. However, proponents of Bill 119 HR 311 argue that these credits are no longer necessary and may be contributing to inefficiencies in the market.

By repealing these tax credits, the bill aims to simplify the tax code and remove what some see as unnecessary government intervention in the energy sector. Critics of the bill, on the other hand, argue that repealing these credits could have negative impacts on the alternative fuel industry and hinder efforts to reduce greenhouse gas emissions. Overall, Bill 119 HR 311 represents a significant change in the tax treatment of alternative fuels and is likely to spark debate among lawmakers and stakeholders in the energy sector.

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Current Status of Bill HR 311

Bill HR 311 is currently in the status of Bill Introduced since January 9, 2025. Bill HR 311 was introduced during Congress 119 and was introduced to the House on January 9, 2025. Bill HR 311's most recent activity was Referred to the House Committee on Ways and Means. as of January 9, 2025

Bipartisan Support of Bill HR 311

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 311

Primary Policy Focus

Alternate Title(s) of Bill HR 311

To amend the Internal Revenue Code of 1986 to repeal the alcohol fuels credit, the biodiesels fuel credit, the sustainable aviation fuel credit, the clean fuel production credit, the alcohol fuel, biodiesel, and alternative fuel mixtures credit, and other related provisions.To amend the Internal Revenue Code of 1986 to repeal the alcohol fuels credit, the biodiesels fuel credit, the sustainable aviation fuel credit, the clean fuel production credit, the alcohol fuel, biodiesel, and alternative fuel mixtures credit, and other related provisions.

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Comments

Sponsors and Cosponsors of HR 311

Scott Perry

Pennsylvania(Republican)

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