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S 5107118th CongressFailed / ExpiredSenate

America's Clean Future Fund Act

Policy Area: Taxation
View on Congress.gov
Origin Chamber
Senate
Last Updated
Oct 3, 2024
Latest Action Date
Sep 19, 2024

Latest Action

Read twice and referred to the Committee on Finance. (text: CR S6212-6220)

Official Summary

Official summary has not been imported yet.

GovScope Watchdog™

AI Government Intelligence™
Executive Summary

The America's Clean Future Fund Act (S.5107) is a Senate bill introduced in the 118th Congress focused on taxation policy. As of the latest update on October 3, 2024, the bill was read twice and referred to the Senate Committee on Finance on September 19, 2024. The bill is currently classified as failed or expired, and no official summary or full text is publicly available. The bill's title suggests it relates to funding mechanisms aimed at supporting clean energy or environmental initiatives through tax policy, but specific provisions and mechanisms are not disclosed in the available data.

Bottom Line

S.5107, the America's Clean Future Fund Act, is a Senate tax-related bill that was referred to the Finance Committee but ultimately failed or expired without further legislative action or publicly available details.

Policy Risk Level
🟡 Medium
Neutral Risk Assessment
Key Points
  • The bill is categorized under the policy area of Taxation.
  • It was introduced in the Senate during the 118th Congress.
  • The latest recorded action was referral to the Senate Committee on Finance after being read twice.
Who Benefits?

Due to the absence of detailed bill text or summary, specific beneficiaries cannot be identified. However, based on the title, potential beneficiaries might include clean energy sectors, environmental organizations, and taxpayers involved in related industries.

Potential Concerns

Without the full text or summary, potential concerns include uncertainties about the bill's cost implications, the scope of authority granted, oversight mechanisms, and the feasibility of implementation. The lack of transparency on provisions limits assessment of policy tradeoffs or enforcement details.

Political Context

The bill was introduced in the Senate and referred to the Committee on Finance, which handles taxation and revenue-related legislation. Its failure or expiration indicates it did not advance through the legislative process during the 118th Congress. No further legislative history or debate records are available to provide additional context.

Hidden Impact Review

Hidden impact flags detected: 2

GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.

2 Detected
Detected Flags
Indirect Effects

If enacted, the bill could influence investment patterns in clean energy sectors and affect tax revenues related to environmental initiatives. However, due to the absence of detailed provisions, the scope and scale of such effects remain speculative.

GovScope Watchdog Notes

The absence of publicly available bill text and official summary limits transparency and public oversight. This lack of information restricts the ability of stakeholders to analyze the bill's content, fiscal impact, and policy implications. Future legislative proposals would benefit from timely and complete disclosure to facilitate informed debate and accountability.

Passage Likelihood: LowConfidence: 40%Model: gpt-4.1-mini

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