Washington, DC—The Senate Finance Committee has released reconciliation bill language that comes up short in supporting our vital energy and mineral processing industries. In response, Avery Ash, Senior Vice President of Government Affairs at SAFE, released the following statement:
“The future of global power will be defined by secure energy, resilient manufacturing, and advanced technology. The language passed by the House of Representatives last month fell short of serving America’s long-term interests by undercutting investments in battery manufacturing, energy production, and secure supply chains.
The Senate’s version offers some important improvements to foreign entity restrictions, and a longer runway for key industries. However, our ultimate goal must be robust, sustained private sector investments to drive a thriving advanced energy and mineral economy. This requires a longer-term strategy to support our energy and mineral supplies while signaling domestic demand to ensure American leadership in key technologies.
Advanced energy tax credits are essential, strategic investments in our economic and national security. This initial version from the Senate is not the path to energy dominance, it’s a path to energy stagnation and insecurity. We urge the Senate to revisit these provisions.”
SAFE and its coalition of retired 4-star military leaders has urged Congress to preserve strategic tax credits that are foundational to the nation’s energy security and global competitiveness. SAFE has launched a 5-state ad campaign featuring Admiral Dennis Blair (Ret.), former Director of National Intelligence and head of U.S. Pacific Command, which calls on Washington to preserve advanced energy tax credits so the nation can operate from a “position of strength.” Read more here.
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About SAFE
SAFE is an action-oriented, nonpartisan organization committed to transportation, energy, and supply chain policies that advance the economic and national security of the United States, its partners, and allies. Since 2004, SAFE has worked with its Energy Security Leadership Council—a peerless coalition of current and former Fortune 500 CEOs and retired 4-star admirals and generals—to support secure, resilient, and responsible energy solutions. Learn more at SecureEnergy.org
