The US House of Representatives has passed the “One, Big, Beautiful Bill” Act, a legislation that withdraws provisions from the Inflation Reduction Act (IRA) to strengthen the development of green energy, among other things. The bill passed with 215 votes in favour and 214 against, planning to repeal some of the IRA programmes, and other acts’ provisions such as the Greenhouse Gas Reduction Fund and funding to reduce air pollution and the programme for diesel emissions reductions, cutting back key provisions of clean energy and manufacturing tax credits. Besides the funding cuts for renewable energies, the bill also seeks to establish fees for natural gas exports and imports with non-FTA countries, provide funding for carrying out loan guarantees related to liquefied natural gas pipeline projects from Alaska, and allows expedited permitting for certain natural gas projects. Certain CO₂, hydrogen, and petroleum pipeline projects may be eligible to be permitted under the same procedures as certain natural gas projects. The bill still needs to pass the US Senate, after which it should be signed into law by the US President. 

Diverse experts and organizations involved in clean energy generation have expressed their concerns for the cuts to key programs and tax credits that have historically allowed the growth of clean, affordable and reliable electricity and wind energy production. For its part, the Government argues that the move would save more than US$500bn of taxpayer money.