113th Congress
U.S. Representatives Mike Thompson (D-CA), Ted Poe (R-TX), Peter Welch (D-VT) and Chris Gibson (R-NY) today introduced bipartisan legislation in support of an "all of the above" energy approach. The Master Limited Partnerships Parity Act will modify the federal tax code to make it easier and more attractive for private capital to invest in renewable energy.
Lawmakers unveiled the Master Limited Partnerships Parity Act â€" spearheaded in the Senate by Sens. Chris Coons (D-Del.) and Jerry Moran (R-Kan.), and in the House by Reps. Ted Poe (R-Texas) and Mike Thompson (D-Calif.) â€" during a Wednesday news conference.
The legislation will ensure that interest rates on subsidized Stafford student loans for undergraduate students do not dramatically increase on July 1 of this year.
Without congressional action, rates are set to double from 3.4 percent to 6.8 percent.
U.S. Reps. Mike Thompson (CA-05) and Chris Gibson (NY-19) announced today that they have joined together to introduce H.R. 1465, The Storage Technology for Renewable and Green Energy 2012 Act (STORAGE) in the United States House of Representatives. The STORAGE Act would provide a tax credit to individuals and businesses when they invest in energy storage systems. Energy storage systems allow businesses and consumers to store excess generated energy then use that energy during periods of peak demand.
The measure, introduced Monday night by Reps. Pete King (R-N.Y.) and Mike Thompson (D-Calif.), also featured bipartisan support from Reps. Mike Fitzpatrick (R-Pa.), Pat Meehan (R-Pa.), Carolyn McCarthy (D-N.Y.) and Peter Defazio (D-Ore.).
The King-Thompson legislation is identical to the bipartisan agreement on background checks struck by Sens. Joe Manchin (D-W.Va.) and Pat Toomey (R-Pa.).
The Senate has begun debating landmark gun control legislation. The House will soon have its own proposals. Background checks are in the spotlight. Democrats and their allies want to expand them by eliminating exceptions like the “gun show loophole,” which applies to private sales between individuals, and augmenting the national database of criminal and mentally unstable persons. But the whole story is more complicated.