Michael Herrmann

3 weeks ago | mondaq.com | John Dalton |Craig Moyer |Michael Herrmann

In the early hours of May 22, 2025, the House of Representativespassed H.R.1, a massive budget reconciliation bill titled the OneBig Beautiful Bill Act (the "Bill"). If enacted in itscurrent form, the Bill would substantially limit and complicate theuse of federal tax credits in financing renewable energyprojects. The Bill will be taken up by the Senate this week, where it willrequire only a simple majority of votes to pass.