Vinson & Elkins Provides an Update on Clean Energy Tax Proposals in Biden's New "Build Back Better" Framework

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Vinson & Elkins LLP

Nov 03, 2021, 16:13 ET

HOUSTON, Nov. 3, 2021 /PRNewswire/ -- Faced with opposition from within his own party, President Biden last week unveiled a new, pared down framework for his "Build Back Better" agenda. Following release of the president's framework, H.R. 5376 (the "Build Back Better Act" or the "Act") was released. Among other things, the Act would allocate $555 billion for investments in clean energy and combatting climate change, including $320 billion in clean energy tax credits, $105 billion in resilience investments, $110 billion in technology, manufacturing and supply chain incentives, and $20 billion for clean energy procurement.

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As a leading law firm in the energy industry, Vinson & Elkins works with a broad spectrum of clients including companies, investors and financiers across the globe and is exceptionally well-positioned to advise on their most important and complex transactions or disputes. This includes clients’ needs in traditional energy spaces as well as the energy evolution.
As a leading law firm in the energy industry, Vinson & Elkins works with a broad spectrum of clients including companies, investors and financiers across the globe and is exceptionally well-positioned to advise on their most important and complex transactions or disputes. This includes clients’ needs in traditional energy spaces as well as the energy evolution.

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About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

Media Contact:
Courtney Binick
[email protected]
+1.713.758.2333

SOURCE Vinson & Elkins LLP

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