U.S. Representatives Ted Poe (R-TX), Mike Thompson (D-CA), Peter Welch (D-VT) and Chris Gibson (R-NY) introduced bipartisan legislation in support of an “all of the above” energy approach.
“H.R. 1696, the Master Limited Partnerships Parity Act will modify the federal tax code to make it easier and more attractive for private capital to invest in renewable energy.
“We need an all-the-above approach to America’s energy future,” said Thompson. “This bill levels the playing field by freeing up money for private investment in renewable energy. It will help us create jobs, strengthen our national security, reduce our dependency on foreign oil and move closer to energy independence.”
“It is time for the United States to make Middle Eastern turmoil irrelevant to our energy security,” said Poe. “In order to do this we must pursue a comprehensive energy strategy that empowers all sources of domestically produced energy. This common-sense bill will do just that. It’s time for Washington to make it easier not harder to produce energy in this country.”