A bill to temporarily suspend the clean electricity production credit to support the Strategic Petroleum Reserve.

S. 4158, introduced by Senator Tom Cotton (R-AR) on March 20, 2026, proposes to temporarily suspend the clean electricity production credit. This credit is a federal tax incentive that encourages investment in renewable and clean energy projects. If enacted, the bill would redirect the funds that would have gone to these tax credits toward purchasing oil for the Strategic Petroleum Reserve, which is the nation's emergency stockpile of crude oil.

The practical effect of this bill, if passed, would be to reduce federal support for clean energy development in the short term while increasing government spending on oil reserves. This could slow investment in renewable energy projects that currently benefit from the tax credit, while simultaneously building up the nation's petroleum reserves. The bill is currently in the committee review stage and has not yet been voted on by the full Senate.