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HR 257 United States House · 117th Congress

INVEST Act

Summary
Incentives for our Nation's Veterans in Energy Sustainability Technologies or the INVEST Act This bill allows the work opportunity tax credit to be used for the hiring of a specified veteran who works in a field of renewable energy. A specified veteran means any veteran who is certified as (1) having received a credential or certification from the Department of Defense of a military occupational specialty or skill in a field of renewable energy or with respect to advanced manufacturing, machinist or welding, or engineering; (2) having completed a vocational degree in a field of renewable energy; or (3) having completed a LEED (Leadership in Energy & Environmental Design) certification with the United States Green Building Council. The Department of the Treasury shall compensate specified U.S. possessions for their losses resulting from this bill.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill expands tax credit eligibility for hiring veterans in renewable energy, providing tax relief to incentivize workforce development in sustainable sectors.90% confidence ✓ EnergySupports EnergyBill incentivizes hiring veterans in renewable energy fields via tax credits, directly promoting workforce development in clean energy sector95% confidence ✓ EnvironmentSupports EnvironmentPromotes renewable energy job creation via tax credit for veterans, aligning with clean energy goals despite primary focus on veteran employment.75% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit for hiring veterans in renewable energy jobs, directly advancing employment opportunities for veterans in a growing sector.95% confidence ✓ VeteransSupports VeteransAllows tax credit for hiring certified veterans in renewable energy fields, directly supporting veteran employment opportunities.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
President
Introduced Jan 11, 2021 Last action Jan 11, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 11, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Jan 11, 2021
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Barbara Lee
Barbara Lee
DDemocratic
CA
12
Co
Photo of Danny K. Davis
Danny K. Davis
DDemocratic
IL
7
Co
Photo of John Garamendi
John Garamendi
DDemocratic
CA
8