[Congressional Record Volume 171, Number 113 (Monday, June 30, 2025)]
[Senate]
[Page S4132]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2807. Mr. MARKEY submitted an amendment intended to be proposed to 
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill 
H.R. 1, to provide for reconciliation pursuant to title II of H. Con. 
Res. 14; which was ordered to lie on the table; as follows:

       At the end of chapter 5 of subtitle A of title VII, insert 
     the following:

     SEC. 705___. ENSURING THAT ELECTRICITY PRICES DO NOT 
                   SUBSTANTIALLY INCREASE.

       (a) In General.--On January 1 of the first calendar year 
     beginning after the date of enactment of this Act, and 
     annually thereafter, the Secretary of Energy shall make a 
     determination (based on information provided by the Energy 
     Information Administration) with respect to whether the 
     applicable amendments have resulted in an annual increase in 
     the average national electricity price of more than 3 
     percent.
       (b) Sunset.--If the Secretary of Energy determines, 
     pursuant to subsection (a), that the applicable amendments 
     have resulted in an annual increase in the average national 
     electricity price described in such subsection--
       (1) the applicable amendments shall be repealed, and the 
     Internal Revenue Code of 1986 shall be applied as if such 
     amendments had not been enacted, and
       (2) with respect to any section of the Internal Revenue 
     Code of 1986 for which an applicable amendment was repealed 
     pursuant to paragraph (1), any termination provision which, 
     after application of such paragraph, is otherwise applicable 
     under such section shall be deemed to refer to the date on 
     which the Secretary of Energy determines that the annual 
     increase in the average national electricity price is less 
     than 3 percent.
       (c) Applicable Amendments.--For purposes of this section, 
     the term ``applicable amendments'' means the amendments made 
     to the Internal Revenue Code of 1986 under--
       (1) sections 70505 through 70508 of this Act, and
       (2) section 70512 through 70515 of this Act.
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