Ending Market Distorting Subsidies for Unreliable, Foreign-Controlled Energy Sources
Terminates or reduces federal subsidies for renewable energy sources (solar, wind) and electric vehicles, characterizing them as unreliable and dependent on foreign supply chains (primarily Chinese).
Section by Section
What each section does, and how they differ.
Addresses wind and solar energy subsidies through Federal tax and regulatory policy changes.
Establishes policy against market-distorting subsidies for unreliable energy and requires aggressive enforcement of any new legislation ending such subsidies.
Directs Treasury to enforce termination of clean electricity tax credits for wind and solar within 45 days of legislative enactment, including preventing circumvention of eligibility rules.
Orders Interior to review regulations for preferential treatment of wind and solar and revise them to eliminate such preferences within 45 days of enactment.