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Dear Friends and Colleagues,
Before we get into what CRES has been up to these past weeks, I wanted to send a note to reflect on the status of the reconciliation process and our work to preserve critical energy credits.
Last week, House Republicans passed the initial stage of a reconciliation bill by a very narrow margin. We are disappointed that the bill substantially cuts many CRES priorities, including the technology neutral, advanced manufacturing and hydrogen tax credits. CRES issued a statement noting our concerns and our intent to continue our advocacy work to fix these issues as the bill moves through the Senate.
Despite these challenges, CRES appreciates the work of House Republican champions who engaged with leadership and worked to preserve critical energy tax provisions despite a challenging environment.
Now, CRES is actively engaged in the Senate, where work has already been underway for several weeks, and we believe the Senate is well-positioned to improve the House bill.
Energy leaders like Senators Curtis (R-Utah), Murkowski (R-Alaska), Tillis (R-N.C.) and Moran (R-Kans.) have sent clear signals to leadership highlighting the importance of preserving energy and manufacturing credits. While other Senate Republicans have made public statements in support of extending timelines, retaining transferability and right-sizing FEOC provisions.
We will continue to engage with Senators—both directly through meetings, events and phone calls, as well as indirectly through targeted media and ad campaigns, earned media and educational events—to ensure the final product protects our energy future.
CRES is committed to advancing an all-of-the-above energy strategy that achieves true energy dominance. Please reach out to our team if you'd like to explore opportunities to collaborate on securing our clean energy future.
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