Newhouse, Republican Colleagues Issue Joint Statement on Clean Energy Tax Credits

WASHINGTON, D.C. - Today, Rep. Dan Newhouse (WA-04) joined Reps. Jen Kiggans (VA-02), Andrew Garbarino (NY-02), Mark Amodei (NV-02), Rob Bresnahan (PA-08), Juan Ciscomani (AZ-06), Gabe Evans (CO-08), Dave Joyce (OH-14), Nick LaLota (NY-01), Mike Lawler (NY-17), Young Kim (CA-40), Don Bacon (NE-02), and David Valadao (CA-22) in issuing a joint statement regarding the clean energy tax provisions in the One, Big, Beautiful Bill.

"We commend the Ways and Means Committee for including reasonable phase-out schedules for certain clean energy tax credits. While many of these provisions reflect a commitment to American energy dominance through an all-of-the-above energy strategy, we must ensure certainty for current and future energy investments to meet the nation's growing power demand and protect our constituents from higher energy costs.

To fully realize the intent of these phase-out schedules, we ask House leadership to consider three thoughtful changes to the energy tax credits section.

First, the Foreign Entity of Concern provisions are overly prescriptive and risk undermining U.S. competitiveness-particularly against China-by restricting domestic energy production. These provisions should be revised to allow companies additional time to reorganize their supply chains, ensuring a strategic and successful transition.

Second, the current "placed in service" standard does not align with the Committee's thoughtful phase-out schedule. Replacing it with a "start construction" standard is essential to supporting the energy development needed to meet the growing power demand and protect thousands of high-quality American jobs in communities across the country.

Finally, the transferability of energy tax credits should remain available throughout the entire phase-out period established by the Committee, providing businesses with the flexibility necessary to make long-term investments in American energy.

We appreciate the Ways and Means Committee putting America first by investing in American energy dominance, but the last thing any of us want is to provoke an energy crisis or cause higher energy bills for working families. We urge the Committee to consider these important changes in this critical part of our One Big Beautiful Bill."

This was first reported today as an exclusive by POLITICO.

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