0
0

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.

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.

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

Policy Area and Potential Impact of Bill HR 5466

Primary Policy Focus

Taxation

Alternate 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