The American Energy Alliance (AEA) led an effort of nearly 30 free market organizations, including E&E Legal, to send a letter to President Trump, keeping the pressure on Congress to pass his “One Beautiful Big Bill” largely intact. As the letter says in part:
As part of your commitment to achieving American energy dominance, you promised to eliminate burdensome regulations and put an end to the Inflation Reduction Act (IRA),1 which you aptly identified as the “Green New Scam.” While your administration has made significant progress toward this goal,2 much of the work necessary to fulfill your campaign promise involves eliminating ALL of the Biden-era energy subsidies in the One Big Beautiful Bill.
The House of Representatives has gone a long way. While not completely phasing out the entire IRA, the recently passed H.R. 1 significantly amends most of the credits by accelerating the phase-outs to completely expire before you leave office, places tighter restrictions on prohibited foreign entities, and repeals the transferability of many of the credits.
Unfortunately, the working draft of the Senate bill falls considerably short. While the overall structure aligns with the House, several energy-related provisions represent notable setbacks. Unlike the House version – which imposed strict deadlines for green energy projects – the Senate draft extends eligibility…
