To embed, copy and paste the code into your website or blog: Over the past number of weeks, a variety of legislative proposals, from both sides of the aisle, have been released that, if enacted, could drastically impact the US energy industry and, in many cases, the taxation of energy in the United States. These proposals come on the heels of the Biden administration’s American Jobs Plan and Made in America Tax Plan. Legislative proposals related to energy continue to be released at a rapid pace, and below we highlight certain features from several recent proposals. Clean Energy for America Act, which was released on April 21, 2021, by Senate Finance Committee Chair Ron Wyden (D-OR) and 24 colleagues, would overhaul the federal energy tax code. The proposal consolidates current energy tax incentives into emissions-based provisions designed to incentivize energy efficiency, clean transportation and clean electricity. The bill, if enacted, would consolidate 40 energy tax incentive provisions into three groups of emissions-based, technology-neutral incentive provisions, eliminate a number of fossil-fuel related provisions and make certain other changes.