,,ii  #aaith ,,congress  #ast ,session  
,s4 #aahh  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #bg1    
#bjbe,mr4 ,cruz introduced the following
 bill2 which was read twice and referred
 to the ,committee on ,finance  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide for permanent
 full expensing for property used to    
capture gas that would otherwise be     
flared or vented and to use such gas in 
value-added products4  #a4 ,short title 
,this ,act may be cited as the          
,facilitating ,lower ,atmospheric       
,released ,emissions ,act or the ,,flare
 ,act4  #b4 ,permanent full expensing of
 costs related to flaring and venting   
mitigation systems  7a7 ,in general     
,section #afh7k7 of the ,internal       
,revenue ,code of #aihf is amended by   
adding at the end the following new     
paragraph3  7#aa7 ,permanent expensing  
of costs related to flaring and venting 
mitigation systems  7,a7 ,in general ,in
 the case of any applicable energy      

property-- 7i7 paragraph 7#h7 shall not 
apply1 and  7ii7 the applicable         
percentage shall be #ajj percent4  7,b7 
,applicable energy property  7i7 ,in    
general ,for purposes of this paragraph1
 the term applicable energy property    
means any qualified property 7as        
determined as if clause 7iii7 of        
paragraph 7#b77;,a7 did not apply with  
respect to such property7 which is a    
flaring and venting mitigation system4  
7ii7 ,flaring and venting mitigation    
system ,for purposes of this            
subparagraph1 the term flaring and      
venting mitigation system means a system
 which-- 7,i7 intakes natural gas1 and  
7,,ii7 separates1 collects1 utilizes1 or
 combusts methane and heavier           
hydrocarbons by-- 7aa7 compressing or   
liquefying gas for use as fuel or       
transport to a processing facility1     
7bb7 production of petrochemicals or    
fertilizer1  7cc7 conversion to liquid  
fuels1  7dd7 conversion to electricity  
for electricity-driven activities or    

supply to the electrical grid1  7ee7    
conversion to computational power1  7ff7
 mining for digital assets1 or  7gg7    
powering other oilfield equipment4  7,c7
 ,foreign entity of concern  7i7 ,in    
general ,this paragraph shall not apply 
to any property placed in service by any
 foreign entity of concern4  7ii7       
,definition ,in this paragraph1 the term
 foreign entity of concern has the      
meaning given that term in section      
#ajfab7;a7 of the ,research and         
,development1 ,competition1 and         
,innovation ,act 7#db ,u4,s4,c4         
#aibba7;a774  4  7b7 ,conforming        
amendment ,section #afh7k77#f77;,a7 of  
the ,internal ,revenue ,code of #aihf is
 amended by inserting or paragraph 7#aa7
 after this paragraph4  7c7 ,effective  
date ,the amendments made by this       
section shall apply to property placed  
in service after ,december #ca1 #bjbe4