To amend the Internal Revenue Code of 1986 to reverse certain energy-related modifications enacted by Public Law 119-21.

This bill amends the Internal Revenue Code of 1986 to adjust various energy-related tax credits and deductions, specifically targeting modifications previously enacted by Public Law 119-21. All changes made by this legislation are intended to take effect as if they were included in the original Public Law 119-21.

Key provisions include the termination of a specific subsection related to the energy efficient commercial buildings deduction. The bill also extends the termination date for the new energy efficient home credit from June 30, 2026, to December 31, 2032, and pushes back the clean hydrogen production credit's facility construction deadline from January 1, 2028, to January 1, 2033.

Furthermore, the legislation modifies both the clean electricity production credit and the clean electricity investment credit by striking certain paragraphs. For the clean electricity production credit, it revises the phase-out mechanism, linking it to either the calendar year 2032 or when U.S. electricity production greenhouse gas emissions are 25% or less of 2022 levels, whichever occurs later.