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NEST Act of 2022

12/29/2022, 5:03 PM

Summary of Bill HR 7954

The NEST Act of 2022, also known as Bill 117 HR 7954, is a piece of legislation introduced in the US Congress aimed at addressing issues related to energy efficiency and sustainability in residential buildings. The bill focuses on promoting the use of smart technologies and renewable energy sources to reduce energy consumption and lower utility costs for homeowners.

One of the key provisions of the NEST Act is the establishment of a grant program to incentivize homeowners to invest in energy-efficient upgrades for their homes. This program would provide financial assistance to homeowners who install smart thermostats, solar panels, energy-efficient appliances, and other technologies that help reduce energy usage.

Additionally, the bill includes measures to promote the development of energy-efficient building codes and standards, as well as initiatives to increase access to renewable energy sources such as solar and wind power. These efforts are aimed at reducing greenhouse gas emissions and combating climate change. Overall, the NEST Act of 2022 seeks to encourage the adoption of sustainable practices in residential buildings and promote energy efficiency among homeowners. By investing in smart technologies and renewable energy sources, the bill aims to create a more sustainable and environmentally friendly housing sector in the United States.

Congressional Summary of HR 7954

National Education Security Training Act of 2022 or the NEST Act of 2022

This bill amends the Internal Revenue Code to allow a $1,500 tax credit for veterans and retired law enforcement officers who are employed part-time by a local law enforcement agency to patrol one or more elementary or secondary schools or institutions of higher education.

Current Status of Bill HR 7954

Bill HR 7954 is currently in the status of Bill Introduced since June 7, 2022. Bill HR 7954 was introduced during Congress 117 and was introduced to the House on June 7, 2022.  Bill HR 7954's most recent activity was Referred to the House Committee on Ways and Means. as of June 7, 2022

Bipartisan Support of Bill HR 7954

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
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 7954

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 7954

NEST Act of 2022
NEST Act of 2022
National Education Security Training Act of 2022
To amend the Internal Revenue Code of 1986 to provide for a credit against tax for qualified special law enforcement officers.

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