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S 3002 United States Senate · 118th Congress

Sustainable Vessel Fuel Act

S 3002, the Sustainable Vessel Fuel Act, creates a new tax credit for producers of sustainable vessel fuel used in commercial ships and ferries. It amends the clean fuel production tax credit to specifically include "sustainable vessel fuel," defined as liquid fuel meeting strict criteria: not derived from palm oil or petroleum, having zero emissions, and complying with ASTM standards. This credit applies to fuel produced after December 31, 2023, and extends the deadline for claiming it until December 31, 2034. The bill directly affects fuel producers and commercial vessel operators by incentivizing the development and use of lower-emission marine fuels.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for sustainable fuel producers, providing targeted tax relief under tax policy framework95% confidence ✓ EnergySupports EnergyBill creates tax credit for sustainable vessel fuel meeting zero-emission criteria, explicitly expanding clean fuel incentives to promote renewable energy infrastructure and reduce fossil fuel dependence.95% confidence ✓ EnvironmentSupports EnvironmentCreates tax credit for zero-emission vessel fuel meeting strict environmental criteria (no palm oil/petroleum, ASTM-compliant), directly reducing shipping pollution and promoting clean energy adoption.95% confidence ✓ TransportationSupports TransportationBill creates tax credits for sustainable vessel fuel in commercial ships/ferries, directly promoting sustainable transportation infrastructure per defined criteria.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2023
Committee Review
Floor Vote
President
Introduced Sep 29, 2023 Last action Sep 29, 2023
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Sep 29, 2023
Committee
Read twice and referred to the Committee on Finance.
upper
Sep 29, 2023
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mazie K. Hirono
Mazie K. Hirono
DDemocratic
HI
n/a