Suzanne Bonamici
10/03/2024 | Press release | Distributed by Public on 10/03/2024 10:57
SEEC Climate Jobs Task Force Supports Treasury Department Proposal to Expand Low-Income Communities Bonus Credit Program
Washington, D.C. - Today, the House Sustainable Energy and Environment Coalition (SEEC) Climate Jobs Task Force Co-Chairs - Reps. Suzanne Bonamici, Nikki Budzinski, and Mark DeSaulnier - and Task Force Member Rep. Seth Magaziner, sent a letter to Treasury Secretary Janet Yellen in support of the Department of Treasury's proposed rule to expand the Inflation Reduction Act's Low-Income Communities Bonus Credit (LICBC) Program to include additional clean energy technologies for calendar years 2025 and onward.
"We write today to support Treasury's proposed rule to expand the LICBC Program into additional clean energy technologies with a greenhouse gas emissions rate of zero or less," the letter says. "As the Administration revamps the program with additional eligible clean energy technologies, we also encourage you to design the LICBC Program application process in such a way that puts a premium on union clean energy job creation and prioritizes projects that have high labor standards, are compliant with prevailing wage standards and conform to IRA apprenticeship requirements. If finalized, this proposal has the potential to expand opportunities to build and grow clean energy economies in low-income and historically disadvantaged communities with good-paying, union jobs."
The letter can be found here.
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