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Ethylene is Essential for Chemistry and Manufacturing Act

12/30/2022, 3:04 AM

Summary of Bill HR 6277

Bill 117 HR 6277, also known as the Ethylene is Essential for Chemistry and Manufacturing Act, was introduced in the US Congress with the aim of promoting the production and use of ethylene, a key chemical compound used in various manufacturing processes.

The bill highlights the importance of ethylene in the production of a wide range of products, including plastics, textiles, and chemicals. It emphasizes the role of ethylene in supporting American manufacturing and innovation, and seeks to ensure a stable and reliable supply of ethylene for domestic industries.

The Ethylene is Essential for Chemistry and Manufacturing Act proposes measures to support the development and expansion of ethylene production facilities in the United States. It calls for increased research and development efforts to improve ethylene production technologies and processes, as well as investments in infrastructure to support the transportation and storage of ethylene. The bill also aims to streamline regulatory processes and reduce barriers to ethylene production, in order to promote economic growth and job creation in the manufacturing sector. It emphasizes the need for a coordinated and strategic approach to promoting ethylene production and use, in order to maintain America's competitive edge in the global marketplace. Overall, the Ethylene is Essential for Chemistry and Manufacturing Act seeks to support the continued growth and success of American manufacturing industries by promoting the production and use of ethylene as a key chemical building block.

Congressional Summary of HR 6277

Ethylene is Essential for Chemistry and Manufacturing Act

This bill removes ethylene from the list of taxable chemicals for purposes the environmental excise tax.

Current Status of Bill HR 6277

Bill HR 6277 is currently in the status of Bill Introduced since December 14, 2021. Bill HR 6277 was introduced during Congress 117 and was introduced to the House on December 14, 2021.  Bill HR 6277's most recent activity was Referred to the House Committee on Ways and Means. as of December 14, 2021

Bipartisan Support of Bill HR 6277

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6277

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 6277

Ethylene is Essential for Chemistry and Manufacturing Act
Ethylene is Essential for Chemistry and Manufacturing Act
To amend the Internal Revenue Code of 1986 to exclude ethylene from taxation under the Superfund excise tax.

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