119th Congress · introduced in the Senate · Feb 11, 2025
Financing Our Energy Future Act
Official title from Congress.gov
Latest action (Feb 11, 2025): Read twice and referred to the Committee on Finance.
View on Congress.govPolicy area: Taxation
Congressional Research Service summary, version: Introduced in Senate (Feb 11, 2025)
Financing Our Energy Future Act
This bill allows a publicly traded partnership to derive income from certain clean energy-related activities and still be treated as a partnership for federal income tax purposes.
As background, a publicly traded partnership is a partnership whose interests are traded on an established securities market (or readily tradable on a secondary market). A publicly traded partnership generally is treated as a corporation for federal income tax purposes unless 90% or more of such partnership’s gross income is qualifying income.
Under current law, qualifying income includes
• interest and dividends;
• real property rents;
• gain from the sale (or disposition) of real property;
• income from certain activities related to minerals and natural resources, source carbon dioxide, and the transportation or storage of certain fuels; and
• gain from the sale (or disposition) of a capital asset or commodities.
Under the bill, the qualifying income is expanded to include income derived from
• electric power (or thermal energy) generated from renewable energy sources (e.g., wind and solar energy), qualified gasification projects, or advanced nuclear facilities;
• accepting or processing open-loop biomass or municipal solid waste (by certain facilities);
• the storage of electric power or thermal energy using certain energy storage technology;
• the generation, storage, or distribution of electric power (or thermal energy) using combined heat and power system property;
• fuels that use certain carbon oxides as primary feedstock;
• certain renewable chemicals;
• transportation or storage of liquefied or compressed hydrogen;
• the conversion of renewable biomass; and
• certain carbon capture and sequestration facilities.
Show less of the summaryIncludes amendment, cloture, and procedural votes. Each is labeled with its exact question; only a passage question is a vote to pass the bill.
No recorded roll calls on this bill in coverage.
Read twice and referred to the Committee on Finance.
Introduced in Senate
Actions from Congress.gov, newest first.
LD-2 reports whose issue descriptions explicitly cite this bill (bill type and number validated against Congress.gov records). A citation does not establish the client's position or any contact with a member.
Loading lobbying reportsCoverage: reports for 2025 onward, posted Jan 1, 2025 through Oct 24, 2026.
14 citations.
NUCLEAR ENERGY INSTITUTE, INC · lobbying firm or registrant: NUCLEAR ENERGY INSTITUTE, INC.
2026 Q3 report (Jul 1, 2026 – Sep 30, 2026) · posted Oct 20, 2026 · issue area: Energy/Nuclear
$600,000
Spent on own lobbying
…ode of 1986 to extend the publicly traded partnership ownership structure to energy power generation projects and transportation fuels, and for other purposes. S.510 - Financing Our Energy Future Act: To amend the Internal Revenue Code of 1986 to extend the publicly traded partnership ownership structure to energy power gen…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NUCLEAR ENERGY INSTITUTE, INC · lobbying firm or registrant: NUCLEAR ENERGY INSTITUTE, INC.
2026 Q2 report (Apr 1, 2026 – Jun 30, 2026) · posted Jul 20, 2026 · issue area: Energy/Nuclear
$560,000
Spent on own lobbying
…ode of 1986 to extend the publicly traded partnership ownership structure to energy power generation projects and transportation fuels, and for other purposes. S.510 - To amend the Internal Revenue Code of 1986 to extend the publicly traded partnership ownership structure to energy power generation projects and transportati…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
NUCLEAR ENERGY INSTITUTE, INC · lobbying firm or registrant: NUCLEAR ENERGY INSTITUTE, INC.
2026 Q1 report (Jan 1, 2026 – Mar 31, 2026) · posted Apr 20, 2026 · issue area: Energy/Nuclear
$470,000
Spent on own lobbying
…ode of 1986 to extend the publicly traded partnership ownership structure to energy power generation projects and transportation fuels, and for other purposes. S.510 - To amend the Internal Revenue Code of 1986 to extend the publicly traded partnership ownership structure to energy power generation projects and transportati…
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
MARATHON PETROLEUM COMPANY LP · lobbying firm or registrant: MARATHON PETROLEUM COMPANY LP
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 21, 2025 · issue area: Taxation/Internal Revenue Code
$480,000
Spent on own lobbying
…on Credit - Last-In, First-Out Accounting Method - Corporate Rate - Bonus Depreciation - Master Limited Partnerships (MLPs) -- Financing Our Energy Future Act (S.510 & H.R. 2545) Inflation Reduction Act - Clean Fuel Production Credit
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ENERGY INFRASTRUCTURE COUNCIL · lobbying firm or registrant: ROCK CREEK COUNSEL
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$40,000
Paid to lobbying firm
Federal tax issues related to the tax treatment of energy infrastructure including legislation addressing qualifying income issues for PTPS, H.R. 2545 and S. 510 ("Financing Our Energy Future Act") and extension of the passthrough deduction and bonus depreciation. H.R, 1 (Public Law No: 119-21).
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ENTERPRISE PRODUCTS OPERATING LLC · lobbying firm or registrant: ROCK CREEK COUNSEL
2025 Q3 report (Jul 1, 2025 – Sep 30, 2025) · posted Oct 20, 2025 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Federal tax issues related to the tax treatment of publicly-traded partnerships including legislation addressing qualifying income issues - H.R. 2545, S. 510 ("Financing Our Energy Future Act")and H.R, 1 (Public Law No: 119-21).
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
MARATHON PETROLEUM COMPANY LP · lobbying firm or registrant: MARATHON PETROLEUM COMPANY LP
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Taxation/Internal Revenue Code
$570,000
Spent on own lobbying
…- Clean Fuel Production Credit - Last-In, First-Out Accounting Method - Corporate Rate - Master Limited Partnerships (MLPs) -- Financing Our Energy Future Act (S.510 & H.R. 2545) Inflation Reduction Act - Clean Fuel Production Credit
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ENERGY INFRASTRUCTURE COUNCIL · lobbying firm or registrant: ROCK CREEK COUNSEL
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Taxation/Internal Revenue Code
$40,000
Paid to lobbying firm
Federal tax issues related to the tax treatment of energy infrastructure including legislation addressing qualifying income issues for PTPS, H.R. 2545 and S. 510 ("Financing Our Energy Future Act") and extension of the passthrough deduction and bonus depreciation. H.R, 1 (Public Law No: 119-21).
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ENTERPRISE PRODUCTS OPERATING LLC · lobbying firm or registrant: ROCK CREEK COUNSEL
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 21, 2025 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Federal tax issues related to the tax treatment of publicly-traded partnerships including legislation addressing qualifying income issues - H.R. 2545, S. 510 ("Financing Our Energy Future Act")and H.R, 1 (Public Law No: 119-21).
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ENERGY INFRASTRUCTURE COUNCIL FKA MASTER LIMITED PARTNERSHIP ASSOCIATION · lobbying firm or registrant: ZIEBART CONSULTING, LLC
2025 Q2 report (Apr 1, 2025 – Jun 30, 2025) · posted Jul 4, 2025 · issue area: Taxation/Internal Revenue Code
$60,000
Paid to lobbying firm
…t Tax Certainty Act," and legislative and regulatory matters affecting master limited partnerships and energy infrastructure companies, including H.R. 2545 and S. 510 - the "Financing Our Energy Future Act."
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
MARATHON PETROLEUM COMPANY LP · lobbying firm or registrant: MARATHON PETROLEUM COMPANY LP
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$1,140,000
Spent on own lobbying
…duction Act - Clean fuel production credit - Sustainable aviation fuel Last-In, First-Out Accounting Method Corporate Rate Master Limited Partnerships (MLPs) - S.510, Financing Our Energy Future Act
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ENERGY INFRASTRUCTURE COUNCIL · lobbying firm or registrant: ROCK CREEK COUNSEL
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$40,000
Paid to lobbying firm
Federal tax issues related to the tax treatment of energy infrastructure including legislation addressing qualifying income issues for PTPS, H.R. 2545 and S. 510 ("Financing Our Energy Future Act") and extension of the passthrough deduction and bonus depreciation.
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ENTERPRISE PRODUCTS OPERATING LLC · lobbying firm or registrant: ROCK CREEK COUNSEL
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 21, 2025 · issue area: Taxation/Internal Revenue Code
$80,000
Paid to lobbying firm
Federal tax issues related to the tax treatment of publicly-traded partnerships including legislation addressing qualifying income issues - H.R. 2545 and S. 510 ("Financing Our Energy Future Act").
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing
ENERGY INFRASTRUCTURE COUNCIL FKA MASTER LIMITED PARTNERSHIP ASSOCIATION · lobbying firm or registrant: ZIEBART CONSULTING, LLC
2025 Q1 report (Jan 1, 2025 – Mar 31, 2025) · posted Apr 10, 2025 · issue area: Taxation/Internal Revenue Code
$60,000
Paid to lobbying firm
…t Tax Certainty Act," and legislative and regulatory matters affecting master limited partnerships and energy infrastructure companies, including H.R. 2545 and S. 510 - the "Financing Our Energy Future Act."
Congress inferred from the report year; bill number and the title cited with it match Congress.gov records, and the bill predates the report. The amount is lobbying spending for every issue on this report, not this bill alone, and none of it is paid to any member of Congress. View filing