H.R. 3249 (116th) - Financing Our Energy Future Act (Thompson)

Transportation and Infrastructure
Co-Sponsors: 2 – 1 Democrat. 1 Republican

This bipartisan and bicameral bill gives renewable energy projects access to master limited partnerships (MLP), a tax advantage currently only available to oil, gas, and coal projects. A Master Limited Partnership is a business structure that is taxed as a partnership, but whose ownership interests are traded like corporate stock on a market. By statute, MLPs have only been available to investors in energy portfolios for oil, natural gas, coal extraction and pipeline projects. This bill levels the playing field to make renewable energy sources more competitive for private capital investments.
(Summarized from Estes Press Release)

This bill addresses Green New Deal goal 4(C)p.11 to provide resources to those working on clean energy.
This bill addresses Green Real Deal goal 2(G)p.5 to eliminate regulation that hurts clean energy/ to create a regulatory atmosphere to encourage clean energy technologies.