0
0

A bill to amend the Internal Revenue Code of 1986 to promote the increased use of renewable natural gas, to reduce greenhouse gas emissions and other harmful transportation-related emissions that contribute to poor air quality, and to increase job creation and economic opportunity throughout the United States.

5/23/2024, 10:56 AM

Summary of Bill S 4389

Bill 118 s 4389, also known as the Renewable Natural Gas Act, aims to make changes to the Internal Revenue Code of 1986 in order to encourage the use of renewable natural gas. The bill's main goals are to reduce greenhouse gas emissions and other harmful transportation-related emissions that contribute to poor air quality, as well as to boost job creation and economic opportunities across the United States.

The bill proposes various measures to achieve these objectives. It includes provisions to provide tax incentives for the production and use of renewable natural gas, which is a cleaner alternative to traditional fossil fuels. By promoting the increased use of renewable natural gas, the bill aims to reduce the overall carbon footprint of the transportation sector and improve air quality.

Additionally, the bill seeks to create new job opportunities in the renewable energy sector by incentivizing investment in renewable natural gas production facilities. This is expected to stimulate economic growth and support the transition to a more sustainable energy system. Overall, Bill 118 s 4389 is designed to address environmental and economic challenges by promoting the use of renewable natural gas as a cleaner alternative to traditional fuels. If passed, the bill has the potential to make a significant impact on reducing greenhouse gas emissions, improving air quality, and creating new job opportunities in the renewable energy sector.

Current Status of Bill S 4389

Bill S 4389 is currently in the status of Bill Introduced since May 22, 2024. Bill S 4389 was introduced during Congress 118 and was introduced to the Senate on May 22, 2024.  Bill S 4389's most recent activity was Read twice and referred to the Committee on Finance. as of May 22, 2024

Bipartisan Support of Bill S 4389

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

Policy Area and Potential Impact of Bill S 4389

Primary Policy Focus

Alternate Title(s) of Bill S 4389

A bill to amend the Internal Revenue Code of 1986 to promote the increased use of renewable natural gas, to reduce greenhouse gas emissions and other harmful transportation-related emissions that contribute to poor air quality, and to increase job creation and economic opportunity throughout the United States.
A bill to amend the Internal Revenue Code of 1986 to promote the increased use of renewable natural gas, to reduce greenhouse gas emissions and other harmful transportation-related emissions that contribute to poor air quality, and to increase job creation and economic opportunity throughout the United States.

Comments