Legis Daily

FAST Electricity Act

USA117th CongressS-1791| Senate 
| Updated: 5/24/2021
Maria Cantwell

Maria Cantwell

Democratic Senator

Washington

Cosponsors (1)
Debbie Stabenow (Democratic)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Fueling America's Security and Transportation with Electricity Act of 2021 or the FAST Electricity Act This bill expands the tax credit for plug-in electric drive motor vehicles to include a 30% credit for additional electric transportation options capable of moving passengers, cargo, or property and powered by an integrated, on-board electric propulsion system. It also allows a credit for recharging and hydrogen refueling property and provides loan guarantees for transportation electrification domestic manufacturing facilities.
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Timeline
May 24, 2021
Introduced in Senate
May 24, 2021
Read twice and referred to the Committee on Finance.
  • May 24, 2021
    Introduced in Senate


  • May 24, 2021
    Read twice and referred to the Committee on Finance.

Taxation

Air qualityAlternative and renewable resourcesClimate change and greenhouse gasesEnergy storage, supplies, demandGovernment lending and loan guaranteesHybrid, electric, and advanced technology vehiclesIncome tax creditsIndustrial facilitiesManufacturingMotor fuels

FAST Electricity Act

USA117th CongressS-1791| Senate 
| Updated: 5/24/2021
Fueling America's Security and Transportation with Electricity Act of 2021 or the FAST Electricity Act This bill expands the tax credit for plug-in electric drive motor vehicles to include a 30% credit for additional electric transportation options capable of moving passengers, cargo, or property and powered by an integrated, on-board electric propulsion system. It also allows a credit for recharging and hydrogen refueling property and provides loan guarantees for transportation electrification domestic manufacturing facilities.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 24, 2021
Introduced in Senate
May 24, 2021
Read twice and referred to the Committee on Finance.
  • May 24, 2021
    Introduced in Senate


  • May 24, 2021
    Read twice and referred to the Committee on Finance.
Maria Cantwell

Maria Cantwell

Democratic Senator

Washington

Cosponsors (1)
Debbie Stabenow (Democratic)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Air qualityAlternative and renewable resourcesClimate change and greenhouse gasesEnergy storage, supplies, demandGovernment lending and loan guaranteesHybrid, electric, and advanced technology vehiclesIncome tax creditsIndustrial facilitiesManufacturingMotor fuels