Senate bill · S. 510 (119th Congress)
Financing Our Energy Future Act
U.S. Senate
Sponsor: Jerry Moran (U.S. Senator for Kansas, Republican)
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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data
Summary
Financing Our Energy Future Act This bill allows a publicly traded partnership to derive income from certain clean energy-related activities and still be treated as a partnership for federal income tax purposes. As background, a publicly traded partnership is a partnership whose interests are traded on an established securities market (or readily tradable on a secondary market). A publicly traded partnership generally is treated as a corporation for federal income tax purposes unless 90% or more of such partnership’s gross income is qualifying income. Under current law, qualifying income includes interest and dividends; real property rents; gain from the sale (or disposition) of real property; income from certain activities related to minerals and natural resources, source carbon dioxide, and the transportation or storage of certain fuels; and gain from the sale (or disposition) of a capital asset or commodities. Under the bill, the qualifying income is expanded to include income derived from electric power (or thermal energy) generated from renewable energy sources (e.g., wind and solar energy), qualified gasification projects, or advanced nuclear facilities; accepting or processing open-loop biomass or municipal solid waste (by certain facilities); the storage of electric power or thermal energy using certain energy storage technology; the generation, storage, or distribution of electric power (or thermal energy) using combined heat and power system property; fuels that use certain carbon oxides as primary feedstock; certain renewable chemicals; transportation or storage of liquefied or compressed hydrogen; the conversion of renewable biomass; and certain carbon capture and sequestration facilities.
Summary from the Congressional Research Service. How we handle summaries
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Senate Committee on Finance · U.S. Senate
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Cosponsors
10
Cosponsors listed on Congress.gov, shown A to Z.
- Republican7
- Democratic2
- Other1
This bill has cosponsors from more than one party.
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Related bills
As identified by Congress.gov.
Full history
- Feb 11, 2025
Introduced
Introduced in U.S. Senate
U.S. Senate
- Feb 11, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
- Feb 11, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
- Feb 11, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.