The Quantum-GUARD Act of 2026 requires the Federal Energy Regulatory Commission to evaluate cybersecurity risks posed by quantum computers and the potential use of post-quantum cryptography when reviewing reliability standards for the bulk-power system. The bill directs the Department of Energy to establish a "PQC sandbox" within one year, bringing together grid operators, technology vendors, and government agencies to test and develop post-quantum security solutions for both information and operational technology systems. Additionally, the Secretary of Energy must conduct a study on the specific vulnerabilities of critical grid infrastructure to quantum threats and submit a report with recommendations to Congress within one year of enactment.
The Carbon Dioxide Removal Leadership Act of 2026 directs the Department of Energy to remove specific quantities of carbon dioxide from the atmosphere each year through 2036 and beyond, with targets increasing from 50,000 to 10 million metric tons annually. The bill defines eligible technologies as those that capture CO2 directly from the air or seawater and store it durably, while excluding methods like enhanced oil recovery or natural photosynthesis. To ensure accuracy, the law requires independent third parties to measure, monitor, and verify removals, with costs included in the price of removal, which must drop from $750 per ton in 2026 to $150 per ton by 2037. The Secretary of Energy must prioritize projects that create domestic jobs, source materials locally, and benefit communities historically dependent on fossil fuels, while reserving at least 20 percent of removals for smaller projects. Additionally, the act mandates regular reports to Congress on progress and authorizes funding to carry out these removal obligations.
The FIRST Act establishes a new program within the Department of State to promote the international deployment of American small modular reactor technology. Managed by the Under Secretary for Arms Control and International Security, the program will advocate for U.S. nuclear exports, ensure high safety and security standards, and provide support for project development and workforce training abroad. The legislation requires the program to submit detailed reports and briefings to Congress every 120 days regarding its activities and funding, and it is set to expire in 2034.
This bill establishes a comprehensive sanctions framework targeting the Russian government and its affiliated entities in response to ongoing military actions. It authorizes the President to block assets, revoke visas, and prohibit financial transactions for Russian officials, military leaders, and foreign persons supporting Russia's defense industry or undermining Ukraine. The legislation also bans U.S. investments in Russian energy sectors, prohibits the purchase of Russian sovereign debt, and imposes high tariffs on Russian imports while restricting crude oil purchases by specific foreign nations. Additionally, the bill prevents Russian companies from listing on U.S. stock exchanges and includes mechanisms for terminating sanctions only if Russia signs a peace agreement accepted by Ukraine and ceases hostilities.
The Investing in State Energy Act of 2026 requires the federal government to provide application guidance and publish funding allocations for state energy programs within 60 days of funds becoming available. Additionally, the bill mandates that financial assistance payments be sent to states and tribes within 30 days after they submit complete conservation plans. This legislation also increases funding for state energy initiatives by adding $100 million for each of the fiscal years from 2027 through 2031. These changes aim to streamline the process for states and tribes to receive and utilize federal energy conservation funds more quickly.
The Make More in America Act of 2026 expands the Export-Import Bank's authority to provide loans, guarantees, and other financial support specifically for U.S. manufacturing projects that are intended for export. This new program targets strategic industries such as renewable energy, semiconductors, shipbuilding, and advanced robotics, with a goal of creating at least 30 percent of the Bank's annual financing for these domestic projects. To ensure accountability, the bill requires recipients to meet prevailing wage standards, commit to workforce training, and adhere to strict timelines, with funds subject to clawback if these conditions are not met. Additionally, the legislation increases the Bank's overall lending authority, establishes a new interagency committee to coordinate federal investment strategies, and tightens rules on who is eligible for Bank support.
The Pacific POWER Act directs the U.S. State Department to launch an international program aimed at expanding geothermal energy use in Indo-Pacific allies to strengthen national security ties and reduce reliance on Chinese energy technology. This initiative involves selecting at least five partner countries, including several in the Indo-Pacific region, to collaborate on developing geothermal resources and next-generation technologies like enhanced geothermal systems. The bill authorizes the creation of public-private partnerships, financial tools, and technical assistance to help these partners build geothermal capacity while establishing standards for community engagement and environmental safety. To oversee this effort, the legislation requires the Secretary of State to submit detailed reports to Congress outlining the strategy, resource needs, and progress of the program over a five-year funding period.
The Energy Bills Relief Act aims to lower household energy costs and accelerate the development of low-cost, clean energy by modifying federal tax credits, expanding weatherization programs, and streamlining permitting processes. Key provisions include restoring tax incentives for renewable energy projects, increasing funding for low-income heating assistance, and requiring federal agencies to treat wind, solar, and storage projects with the same procedural fairness as oil and gas projects. The bill also establishes new incentives for upgrading the electricity grid, such as tax credits for transmission lines and grants for wildfire prevention measures, while creating mechanisms to ensure utilities serve public interests and protect consumers from price volatility.
This bill increases the corporate tax rate on stock buybacks to 25 percent for large oil and gas companies that meet specific revenue and operational criteria. It targets corporations with an average annual gross receipt of at least $1 billion that are primarily engaged in producing, refining, processing, transporting, or distributing oil or natural gas. The higher tax rate applies only to stock repurchases made after the bill is enacted and before gasoline prices fall below $2.937 per gallon for five consecutive weeks. If gasoline prices drop below this threshold, the special tax provision ceases to apply, and companies may claim a partial reduction in their tax liability based on the duration of the high-price period.
The Energy Security Pacts Act authorizes the Secretary of State to create multiyear agreements with eligible partner countries to enhance energy and economic security by diversifying critical mineral and energy supply chains. This legislation establishes a new Office of Energy Security Pacts within the State Department, led by a dedicated Director, and creates an interagency Council to coordinate efforts among various federal departments. Funding for these pacts can be drawn from existing national security and development accounts, with strict rules prohibiting military assistance, projects that harm U.S. jobs, and any activities posing environmental or safety risks. To qualify for these agreements, partner countries must generally have low per capita incomes or be in the process of graduating from World Bank aid, and the pacts must include detailed plans for economic growth and private sector investment.
