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Onshore Wind American Manufacturing Act of 2021
12/31/2022, 5:36 AM
Summary of Bill HR 5466
Bill 117 HR 5466, also known as the Onshore Wind American Manufacturing Act of 2021, aims to promote the manufacturing of onshore wind energy components in the United States. The bill seeks to increase domestic production of wind energy equipment, such as turbines and blades, in order to reduce reliance on foreign imports and create jobs in the American manufacturing sector.
The legislation includes provisions for tax incentives and grants to support onshore wind energy manufacturing facilities, as well as funding for research and development in the industry. The bill also calls for the establishment of a national strategy to promote the growth of the onshore wind energy sector and increase the use of renewable energy sources in the United States.
Supporters of the bill argue that increasing domestic production of onshore wind energy components will help to boost the economy, create new jobs, and reduce greenhouse gas emissions. Critics, however, raise concerns about the potential costs of the legislation and its impact on the competitiveness of the American manufacturing industry. Overall, the Onshore Wind American Manufacturing Act of 2021 aims to promote the growth of the onshore wind energy sector in the United States through incentives, grants, and research funding. The bill is currently under consideration in Congress and has garnered support from both Democrats and Republicans who are looking to promote renewable energy and support American manufacturing.
The legislation includes provisions for tax incentives and grants to support onshore wind energy manufacturing facilities, as well as funding for research and development in the industry. The bill also calls for the establishment of a national strategy to promote the growth of the onshore wind energy sector and increase the use of renewable energy sources in the United States.
Supporters of the bill argue that increasing domestic production of onshore wind energy components will help to boost the economy, create new jobs, and reduce greenhouse gas emissions. Critics, however, raise concerns about the potential costs of the legislation and its impact on the competitiveness of the American manufacturing industry. Overall, the Onshore Wind American Manufacturing Act of 2021 aims to promote the growth of the onshore wind energy sector in the United States through incentives, grants, and research funding. The bill is currently under consideration in Congress and has garnered support from both Democrats and Republicans who are looking to promote renewable energy and support American manufacturing.
Congressional Summary of HR 5466
Onshore Wind American Manufacturing Act of 2021
This bill provides tax credits for investment in manufacturing facilities that produce onshore wind turbine components.
Read the Full Bill
Current Status of Bill HR 5466
Bill HR 5466 is currently in the status of Bill Introduced since September 30, 2021. Bill HR 5466 was introduced during Congress 117 and was introduced to the House on September 30, 2021. Bill HR 5466's most recent activity was Referred to the House Committee on Ways and Means. as of September 30, 2021
Bipartisan Support of Bill HR 5466
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5466
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 5466
To amend the Internal Revenue Code of 1986 to provide a manufacturing investment tax credit and a production tax credit for manufacturing facilities that produce onshore wind turbine components.
Onshore Wind American Manufacturing Act of 2021
Onshore Wind American Manufacturing Act of 2021
Comments
Sponsors and Cosponsors of HR 5466
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