S. 4158

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4158 Introduced in Senate (IS)]

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119th CONGRESS
2d Session
S. 4158

To temporarily suspend the clean electricity production credit to 
support the Strategic Petroleum Reserve.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

March 20, 2026

Mr. Cotton introduced the following bill; which was read twice and 
referred to the Committee on Finance

_______________________________________________________________________

A BILL

To temporarily suspend the clean electricity production credit to 
support the Strategic Petroleum Reserve.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TEMPORARY SUSPENSION OF CLEAN ELECTRICITY PRODUCTION CREDIT.

(a) In General.--Section 45Y of the Internal Revenue Code of 1986 
is amended by adding at the end the following:
``(i) Suspension During Fiscal Years 2026 and 2027.--This section 
shall not apply with respect to any electricity produced during the 
period beginning on October 1, 2025, and ending on September 30, 
2027.''.
(b) Transfer to SPR Petroleum Account.--The Secretary of the 
Treasury shall deposit into the SPR Petroleum Account established under 
section 167(a) of the Energy Policy and Conservation Act (42 U.S.C. 
6247(a)) amounts equal to the increase in revenues to the Treasury by 
reason of the amendment made by subsection (a).
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