SB5689: RECLAIM Act Recapturing Excessive Corporate Largesse through Accountability and Incentive Measures Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to prohibit Federal and State incentives for the development or commercial operations of data centers.
Plain-language summary
The RECLAIM Act would ban federal and state governments from offering tax breaks, grants, or other financial incentives to companies that build or operate data centers. Data centers are large facilities that store and process computer data for businesses and online services. The bill aims to stop what sponsors view as excessive corporate subsidies for this industry. The bill is currently in the introduction stage and has not yet been assigned to a for review.
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SB5689: RECLAIM Act Recapturing Excessive Corporate Largesse through Accountability and…