* H.R. 4438, the American Research and Competitiveness Act, authored by Representative Kevin Brady, which makes the R&D Tax Credit permanent, paving the way for increased innovation and investment in the U.S.;
* H.R. 4457, the America's Small Business Tax Relief Act, authored by Representative Pat Tiberi, which makes section 179 expensing permanent ensuring that our small businesses have the certainty they need to grow their businesses and create jobs;
* H.R. 4453, the S Corporation Permanent Tax Relief Act, authored by Representative Dave Reichert, which provides the necessary flexibility for S corporations to access capital and make new investments; and
* H.R. 4718, authored by Representative Pat Tiberi, making bonus depreciation permanent in order to lower the cost of capital for businesses.
Lowering Costs on Gas and Groceries
With gas prices still hovering near $3.50 per gallon and energy costs siphoning too much out of families' paychecks, we must enact policies that encourage an American energy revolution. That is why we will send to the Senate a single, common-sense energy plan comprised of House-passed bills focusing on production, infrastructure, reliability, and efficiency. This package will include:
* H.R. 3, the Northern Route Approval Act, authored by Representative Lee Terry, which allows construction of the Keystone XL pipeline;
* H.R. 1963, the Bureau of Reclamation Conduit Hydropower Development Equity and Jobs Act, authored by Representative Steve Daines, which streamlines the development of hydropower on federal lands;
* H.R. 2640, the Central Oregon Jobs and Water Security Act, authored by Representative Greg Walden, which allows for construction of a hydropower facility at the Bowman Dam;
* H.R. 2728, the Protecting States' Rights to Promote American Energy Security Act, authored by Representative Bill Flores, which protects American energy production by recognizing states' authority to regulate hydraulic fracturing;
* H.R. 4801, authored by Representative Adam Kinzinger, which studies the impact and cost effectiveness of thermal insulation in federal buildings;
* H.R. 3301, the North American Energy Infrastructure Act, authored by Chairman Fred Upton, which strengthens our partnerships with Canada and Mexico in order to build a more secure and efficient North American energy market;
* H.R. 6, the Domestic Prosperity and Global Freedom Act, authored by Representative Cory Gardner, which expedites the export of U.S. liquefied natural gas to our allies;
* H.R. 1582, the Energy Consumers Relief Act, authored by Representative Bill Cassidy, which ensures Congressional oversight of energy-related rules costing more than $1 billion;
* H.R. 1900, the Natural Gas Pipeline Permitting Reform Act, authored by Representative Mike Pompeo, which modernizes the review process for natural gas pipeline permit applications;