Give Kids a Chance Act of 2025

House Bill

H.R. 1262

119th Congress

Give Kids a Chance Act of 2025

Placed on the Union Calendar, Calendar No. 304.

Introduced:Aug 19, 2025

Primary Sponsor

David Schweikert

Representative

Republican

AZ-1

Cosponsors

6

Quick Stats

Policy Area

Taxation

Summary

The Give Kids a Chance Act of 2025 increases the tax credit for companies that capture and use carbon emissions, matching incentives for carbon capture and sequestration. This aims to encourage more businesses to invest in carbon capture technology, which can help reduce greenhouse gas emissions.

Latest Action

Referred to the House Committee on Ways and Means.

AI Summary

Plain-English explanation of this bill

The Give Kids a Chance Act of 2025 increases the tax credit for companies that capture and use carbon emissions, matching incentives for carbon capture and sequestration. This aims to encourage more businesses to invest in carbon capture technology, which can help reduce greenhouse gas emissions.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

<p> <strong>CCU Parity Act of 2023 </strong></p> This bill increases the tax credit for carbon capture and use to match incentives for carbon capture and sequestration for both direct air capture and the power and industrial sectors.

Key Points

Main provisions of the bill

Increases the tax credit for carbon capture and use to match incentives for carbon capture and sequestration
Applies to carbon capture from both direct air and power/industrial sectors
Goal is to encourage more businesses to invest in carbon capture technology

How This Impacts Americans

Potential effects on citizens and communities

If passed, this bill would primarily benefit companies in the power, industrial, and direct air capture sectors that invest in carbon capture and utilization technology. This could lead to more widespread adoption of carbon capture, potentially reducing greenhouse gas emissions and mitigating climate change impacts. However, the costs of the tax credits would be borne by taxpayers.

Policy Areas

Primary Policy Area

Taxation

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

1262, 119th Congress (2025). "Give Kids a Chance Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-1262