Ending Market Distorting Subsidies For Unreliable, Foreign Controlled Energy Sources

The executive order aims to address the financial burden on American taxpayers due to subsidies for unreliable energy sources like wind and solar.

Key points of the policy include:

• Elimination of Market Distortions: Rapidly eliminate costs imposed by "green" energy subsidies.
• Strengthening Repeal: Build upon and strengthen the repeal of wind and solar tax credits as per the One Big Beautiful Bill Act.
• End Support for Unreliable Sources: Terminate taxpayer support for expensive "green" energy sources linked to foreign supply chains.

Specific actions to be taken within 45 days of the One Big Beautiful Bill Act's enactment:

• Secretary of the Treasury:
  • Enforce termination of clean electricity production and investment tax credits for wind and solar facilities.
  • Implement enhanced restrictions on Foreign Entities of Concern.
• Secretary of the Interior:
  • Review and revise regulations to eliminate preferential treatment for wind and solar compared to dispatchable energy sources.

Reporting Requirement:

• The Secretary of the Treasury and the Secretary of the Interior must report to the President on their findings and actions taken to implement the order.

Additional Provisions:

• The order does not impair existing legal authorities or functions of executive departments.
• Implementation is subject to legal compliance and availability of appropriations.
• It does not create enforceable rights or benefits against the United States or related entities.

Publication costs for the order will be covered by the Department of the Treasury.