WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito (R-W.Va.) joined her colleague John Cornyn (R-Texas) in introducing a bill yesterday to provide relief to America’s energy industry during the coronavirus pandemic. The SAVE Jobs Act aims to promote liquidity and flexibility for domestic energy companies so that they may maintain their workforce through the pandemic’s economic downturn.
“Energy production was a driver of economic growth and job creation in West Virginia before the COVID-19 pandemic hit,” Senator Capito said. “This bill will support our energy sector through this tumultuous period so workers can get paid and support their families. I’m particularly pleased to include the extension of the 45Q tax credit, which lays the groundwork for future projects that are good for both the economy and the environment.”
“Throughout this pandemic, the Senate has been working to deliver targeted relief to Americans who need it most, and there’s no doubt many in the energy industry have been hanging by a thread,” said Senator Cornyn. “These reforms will allow Texas’ job creators to weather this downturn, continue paying their workers, and invest in their infrastructure for years to come.”
The SAVE Jobs ACT:
Senators John Barrasso (R-Wyo.), Kevin Cramer (R-N.D.), Lisa Murkowski (R-Alaska), Jim Inhofe (R-Ok.), Cindy Hyde-Smith (R-Miss.), Bill Cassidy (R-La.), James Lankford (R-Ok.), and Roger Wicker (R-Miss.) are also original cosponsors.
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