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A bill to amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies associated with foreign adversaries.
2/4/2025, 11:56 AM
Summary of Bill S 369
Bill 119 s 369, also known as the "Green Energy Tax Benefits Denial Act," is a proposed piece of legislation that aims to make changes to the Internal Revenue Code of 1986. The main purpose of this bill is to prevent companies that are associated with foreign adversaries from receiving certain tax benefits related to green energy.
The bill specifically targets companies that have ties to countries that are considered to be adversaries of the United States. By denying these companies access to tax benefits for green energy initiatives, the bill seeks to limit the financial support that these companies receive from the US government.
If passed, this legislation would have significant implications for companies that operate in the green energy sector and have connections to foreign adversaries. It would likely result in these companies facing higher tax burdens and potentially having to reevaluate their business strategies. Overall, Bill 119 s 369 represents a proactive approach to safeguarding US interests and national security by restricting financial support for companies that have ties to countries that are considered to be adversaries.
The bill specifically targets companies that have ties to countries that are considered to be adversaries of the United States. By denying these companies access to tax benefits for green energy initiatives, the bill seeks to limit the financial support that these companies receive from the US government.
If passed, this legislation would have significant implications for companies that operate in the green energy sector and have connections to foreign adversaries. It would likely result in these companies facing higher tax burdens and potentially having to reevaluate their business strategies. Overall, Bill 119 s 369 represents a proactive approach to safeguarding US interests and national security by restricting financial support for companies that have ties to countries that are considered to be adversaries.
Current Status of Bill S 369
Bill S 369 is currently in the status of Bill Introduced since February 3, 2025. Bill S 369 was introduced during Congress 119 and was introduced to the Senate on February 3, 2025. Bill S 369's most recent activity was Read twice and referred to the Committee on Finance. as of February 3, 2025
Bipartisan Support of Bill S 369
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 369
Primary Policy Focus
Alternate Title(s) of Bill S 369
A bill to amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies associated with foreign adversaries.
A bill to amend the Internal Revenue Code of 1986 to deny certain green energy tax benefits to companies associated with foreign adversaries.
Comments
Sponsors and Cosponsors of S 369
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