119 S4158 IS: To temporarily suspend the clean electricity production credit to support the Strategic Petroleum Reserve. U.S. Senate 2026-03-20 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS2d SessionS. 4158IN THE SENATE OF THE UNITED STATESMarch 20, 2026Mr. Cotton introduced the following bill; which was read twice and referred to the Committee on FinanceA BILLTo temporarily suspend the clean electricity production credit to support the Strategic Petroleum Reserve.

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).