Mr. Speaker, I thank the gentlewoman from Washington, our chairwoman of the full Energy and Commerce Committee, for yielding time. Mr. Speaker, I rise in support of H.R. 1023, the Cutting Green Corruption and Taxes Act. By repealing the Greenhouse Gas Reduction Fund, H.R. 1023 protects taxpayers from waste, fraud, and abuse. This bill would repeal and rescind the $27 billion Greenhouse Gas Reduction Fund, commonly referred to as EPA's green bank, which was originally enacted in the Inflation Reduction Act. This is nearly three times the amount of funding EPA received in their 2023 budget. It is completely outside the scope of the EPA's mission, and they don't have the capacity nor the expertise to manage a $27 billion climate bank. They are not a financial institution. Even worse, they are funding projects that benefit China. Solar panels, EVs, and wind turbines all have supply chains tied to the Chinese Communist Party. In addition to repealing the green bank, this bill would also repeal the natural gas tax. This tax is especially troubling for small and independent oil and gas producers that will not be able to afford to maintain their operations. This tax comes in addition to a suite of methane regulations that creates a structure unworkable for small and midsize companies. There are about 9,000 independent oil and gas producers in the United States.…
Share & report
More from Jeff Duncan
Madam Speaker, it is interesting that the gentlewoman across the aisle mentioned Ukraine because as the majority leader so succinctly pointed out, Joe Biden's policies of shutting down American energy production is actually funneling money…
Mr. Speaker, we are showing how misguided this $27 billion green bank is, and the gentleman from Pennsylvania (Mr. Joyce) knows about fossil fuel production and what this would mean to the great State of Pennsylvania that produces a lot of…
Mr. Speaker, may I inquire as to how much time is remaining. The SPEAKER pro tempore. The gentleman from South Carolina has 14 minutes remaining.
Mr. Speaker, I yield 2 minutes to the gentleman from Georgia (Mr. Allen), a valuable member of the Energy and Commerce Committee.





