Legislative Activity

The "Restoring Fuel Market Freedom Act of 2025" repeals various tax credits and provisions related to alcohol fuels, biodiesel, sustainable aviation fuel, clean fuel production, and alternative fuel mixtures. This includes repealing sections 40, 40A, 40B, 45Z, and 6426 of the Internal Revenue Code, along with making corresponding technical amendments. The changes aim to eliminate tax incentives for these fuels, with all repeals being effective for fuels produced, sold, or used after the enactment date of the Act. Additionally, it repeals section 6427(e) and makes conforming amendments.

The "Restoring Vehicle Market Freedom Act of 2025" repeals several existing tax credits related to clean vehicles, including those for previously owned clean vehicles, alternative motor vehicles, alternative fuel vehicle refueling property, new plug-in electric drive motor vehicles, and qualified commercial clean vehicles, amending the Internal Revenue Code of 1986 accordingly.

This bill proposes a constitutional amendment to mandate a balanced federal budget, limiting total government spending and requiring justification for each agency's funding requests. It sets spending caps tied to the GDP, necessitates supermajority votes to raise the debt limit or increase revenue, and empowers Congress to enforce these rules. Exceptions are allowed during declared wars or other national emergencies with congressional approval. The amendment would take effect once the budget is balanced or ten years after ratification.