United States Senator Jerry Moran introduced bipartisan legislation alongside another U.S. Senator, Chris Coons (D-Del.), intending to give investors involved with clean energy projects access to an old decades-old corporate structure with tax advantages.
Currently, the advantages provided by the structure are only extended to those investing in fossil-fuel based energy projects. The Financing Our Energy Future Act will seek to modify the federal tax code and "unleash" private capital by allowing energy-generation and renewable fuel companies to form master limited partnerships, which combine the funding advantages of corporations and the tax advantages of partnerships.
A companion bill was introduced in the House by Rep. Ron Estes (KS-04) and Mike Thompson (CA-05).