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American Renewable Energy Act of 2021
12/30/2022, 5:47 PM
Summary of Bill HR 3959
Bill 117 HR 3959, also known as the American Renewable Energy Act of 2021, is a piece of legislation introduced in the US Congress with the goal of promoting the development and use of renewable energy sources in the United States. The bill aims to reduce the country's reliance on fossil fuels and combat climate change by increasing the use of clean, sustainable energy sources such as wind, solar, and hydroelectric power.
Key provisions of the American Renewable Energy Act of 2021 include:
1. Establishing a Renewable Energy Standard (RES) that requires a certain percentage of electricity to be generated from renewable sources by a specific date. This standard aims to incentivize the transition to clean energy and reduce greenhouse gas emissions. 2. Providing financial incentives and tax credits for renewable energy projects, such as solar panel installations and wind farms. These incentives are designed to make renewable energy more affordable and accessible to consumers and businesses. 3. Investing in research and development of new renewable energy technologies to improve efficiency and reduce costs. This includes funding for research institutions, universities, and private companies working on innovative clean energy solutions. 4. Supporting the expansion of renewable energy infrastructure, such as transmission lines and energy storage facilities, to ensure reliable and consistent access to clean energy sources across the country. Overall, the American Renewable Energy Act of 2021 aims to accelerate the transition to a more sustainable energy system in the United States, creating jobs, reducing pollution, and strengthening national security. The bill has garnered bipartisan support from lawmakers who recognize the importance of addressing climate change and promoting clean energy solutions for future generations.
Key provisions of the American Renewable Energy Act of 2021 include:
1. Establishing a Renewable Energy Standard (RES) that requires a certain percentage of electricity to be generated from renewable sources by a specific date. This standard aims to incentivize the transition to clean energy and reduce greenhouse gas emissions. 2. Providing financial incentives and tax credits for renewable energy projects, such as solar panel installations and wind farms. These incentives are designed to make renewable energy more affordable and accessible to consumers and businesses. 3. Investing in research and development of new renewable energy technologies to improve efficiency and reduce costs. This includes funding for research institutions, universities, and private companies working on innovative clean energy solutions. 4. Supporting the expansion of renewable energy infrastructure, such as transmission lines and energy storage facilities, to ensure reliable and consistent access to clean energy sources across the country. Overall, the American Renewable Energy Act of 2021 aims to accelerate the transition to a more sustainable energy system in the United States, creating jobs, reducing pollution, and strengthening national security. The bill has garnered bipartisan support from lawmakers who recognize the importance of addressing climate change and promoting clean energy solutions for future generations.
Congressional Summary of HR 3959
American Renewable Energy Act of 2021
This bill establishes an annual renewable energy standard for retail electricity suppliers through 2030. Under the standard, the suppliers must (1) increase their renewable energy generation each year by specified amounts, and (2) generate at least 70% renewable electricity by 2030.
Read the Full Bill
Current Status of Bill HR 3959
Bill HR 3959 is currently in the status of Bill Introduced since June 16, 2021. Bill HR 3959 was introduced during Congress 117 and was introduced to the House on June 16, 2021. Bill HR 3959's most recent activity was Referred to the Subcommittee on Energy. as of June 17, 2021
Bipartisan Support of Bill HR 3959
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
52Democrat Cosponsors
52Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3959
Primary Policy Focus
EnergyAlternate Title(s) of Bill HR 3959
American Renewable Energy Act of 2021
To amend title VI of the Public Utility Regulatory Policies Act of 1978 to establish a Federal renewable electricity standard for retail electricity suppliers, and for other purposes.
American Renewable Energy Act of 2021
Comments
Sponsors and Cosponsors of HR 3959
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