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S 692 United States Senate · 119th Congress

Sustainable Vessel Fuel Act

This bill creates a new clean fuel production tax credit for sustainable vessel fuel used in commercial ships and ferries. It defines "sustainable vessel fuel" as liquid fuel meeting strict criteria: zero emissions, not derived from palm oil or petroleum, and meeting specific environmental standards set by the Secretary. The credit extends through 2035 for this fuel type (previously expiring in 2027), directly benefiting fuel producers and commercial vessel operators who adopt qualifying sustainable fuels.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for sustainable fuel producers, extending benefits through 2035; aligns with tax relief/credit indicators for support.95% confidence ✓ EnergySupports EnergyCreates tax credit for sustainable vessel fuel meeting zero-emission criteria, extending support through 2035 to promote clean energy adoption in shipping.95% confidence ✓ EnvironmentSupports EnvironmentCreates tax credit for zero-emission sustainable vessel fuel meeting strict environmental standards, directly promoting clean energy adoption in shipping and extending incentives through 2035.95% confidence ✓ TransportationSupports TransportationCreates tax credit for sustainable vessel fuel in commercial ships/ferries, promoting clean transportation infrastructure and aligning with sustainable transportation goals per bill summary.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
President
Introduced Feb 24, 2025 Last action Feb 24, 2025
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Feb 24, 2025
Committee
Read twice and referred to the Committee on Finance.
upper
Feb 24, 2025
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Mazie K. Hirono
Mazie K. Hirono
DDemocratic
HI
n/a