The Affordable Energy and Supply Chain Relief Act

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, that to help reduce inflationary pressure on American households and businesses, the Secretary of the Treasury shall establish targeted, temporary tax incentives for domestic energy production, grid reliability investments, and the expansion of U.S.-based manufacturing of critical industrial inputs and consumer goods, with priority for projects that lower fuel, electricity, transportation, and supply-chain costs; and that the Departments of Energy and Commerce shall, consistent with existing law, coordinate expedited review and annual reporting to Congress on cost impacts, domestic job creation, and effects on consumer prices.